Multi-stage sequential all-pay auctions

Ella Segev; Aner Sela

doi:10.1016/j.euroecorev.2014.06.006

Multi-stage sequential all-pay auctions

Ella Segev^*, Aner Sela

^*Corresponding author for this work

Research output: Contribution to journal › Article › peer-review

27 Scopus citations

Abstract

We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed about a parameter (ability) that affects their cost of effort. We characterize the perfect Bayesian equilibrium of these contests and analyze the effect of the number of contestants and their types on the contestants[U+05F3] expected highest effort.

Original language	English
Pages (from-to)	371-382
Number of pages	12
Journal	European Economic Review
Volume	70
DOIs	https://doi.org/10.1016/j.euroecorev.2014.06.006
State	Published - Oct 2014
Externally published	Yes

Keywords

All-pay auctions
Sequential contests

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10.1016/j.euroecorev.2014.06.006

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title = "Multi-stage sequential all-pay auctions",

abstract = "We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed about a parameter (ability) that affects their cost of effort. We characterize the perfect Bayesian equilibrium of these contests and analyze the effect of the number of contestants and their types on the contestants[U+05F3] expected highest effort.",

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AB - We study multi-stage sequential all-pay contests (auctions) where heterogeneous contestants are privately informed about a parameter (ability) that affects their cost of effort. We characterize the perfect Bayesian equilibrium of these contests and analyze the effect of the number of contestants and their types on the contestants[U+05F3] expected highest effort.

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KW - Sequential contests

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Multi-stage sequential all-pay auctions

Abstract

Keywords

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