Abstract:
In this note I prove the existence of the optimal all-pay auction when signals are correlated.
Keywords:optimal auction; all-pay auction; correlated signals (search for similar items in EconPapers) JEL-codes:D (search for similar items in EconPapers) New Economics Papers: this item is included in nep-mic Date: 1999-01-20, Revised 1999-01-21 Note: Type of Document - Latex; prepared on IBM PC - PC-TEX; to print on HP; pages: 7