On the continuous equilibria of affiliated-value, all-pay auctions with private budget constraints

DOI10.1016/J.GEB.2014.01.014MaRDI QIDQ2442845zbMATH OpenOpenAlexFDO

Authors Maciej H. Kotowski, Fei Li

Publication date 1 April 2014

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL http://nrs.harvard.edu/urn-3:HUL.InstRepos:11718166

zbMATH Keywords

contestsall-pay auctionwar of attritionbudget constraintscommon valuesaffiliationprivate values

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• First‐price auctions with budget constraints
• All-pay auctions with affiliated binary signals
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• All-pay auctions with asymmetric effort constraints

Cites work

• A Theory of Auctions and Competitive Bidding
• An analysis of the war of attrition and the all-pay auction
• Equilibrium of affiliated value second price auctions with financially constrained bidders: The two-bidder case
• Expected revenue of all-pay auctions and first-price sealed-bid auctions with budget constraints
• Financing public goods by means of lotteries.
• High bids and broke winners
• Non-monotoniticies and the all-pay auction tie-breaking rule
• On the continuous equilibria of affiliated-value, all-pay auctions with private budget constraints
• On the failure of the linkage principle with financially constrained bidders.
• Optimal auction with financially constrained buyers
• Optimal auctions with financially constrained buyers
• Patent competition, rent dissipation, and the persistence of monopoly: The role of research budgets
• Standard Auctions with Financially Constrained Bidders
• Strategy and dynamics in contests
• Uniqueness of equilibrium in sealed high-bid auctions.

Cited in

(12)

• Common-value all-pay auctions with asymmetric information and bid caps
• Expected revenue of all-pay auctions and first-price sealed-bid auctions with budget constraints
• All-pay auctions with asymmetric effort constraints
• Equilibrium in the two-player, \(k\)-double auction with affiliated private values
• Equilibrium existence and expected payoffs in all-pay auctions with constraints
• Simultaneous auctions with budgets: equilibrium existence and characterization
• Asymmetric budget constraints in a first-price auction
• On the continuous equilibria of affiliated-value, all-pay auctions with private budget constraints
• Optimal auctions with endogenous budgets
• The war of attrition and the revelation of valuable information
• Sequential second-price auctions with private budgets
• Resource inequality in the war of attrition

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