All-pay auctions with endogenous bid timing: an experimental study
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DOI: 10.1007/s00182-017-0586-6
Abstract: Using a controlled laboratory experiment, we examine individuals’ bid timing decisions in complete information all-pay auctions and find that homogeneous bidders are more likely to enter the early bidding stage under a favor-early tie-breaking rule.… read more here.
Keywords: simultaneous pay; pay; endogenous bid; pay auctions ... See more keywords
All-pay auctions with ties
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DOI: 10.1007/s00199-019-01195-7
Abstract: We study the two-player, complete information all-pay auction in which a tie ensues if neither player outbids the other by more than a given amount. In the event of a tie, each player receives an… read more here.
Keywords: tie; auctions ties; pay auctions; player ... See more keywords
On the Efficiency of All-Pay Mechanisms
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DOI: 10.1007/s00453-017-0296-2
Abstract: We study the inefficiency of mixed Nash equilibria, expressed as the price of anarchy, of all-pay auctions in three different environments: combinatorial, multi-unit and single-item auctions. First, we consider item-bidding combinatorial auctions where m all-pay… read more here.
Keywords: pay; price anarchy; nash equilibria; pay auctions ... See more keywords