Asymmetric all-pay auctions with interdependent valuations

Ron Siegel

Journal of Economic Theory, 2014, vol. 153, issue C, 684-702

Abstract: I show that a unique equilibrium exists in an asymmetric two-player all-pay auction with a discrete signal structure, correlated signals, and interdependent valuations. The proof is constructive, and the construction can be implemented as a computer program and be used to derive comparative statics. I also characterize the set of equilibria when a reserve price is introduced.

Keywords: Contests; All-pay; Auctions; Asymmetries; Interdependent valuations; Correlated signals (search for similar items in EconPapers)
JEL-codes: D44 D72 D82 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (36)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jetheo:v:153:y:2014:i:c:p:684-702

DOI: 10.1016/j.jet.2014.03.003

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