Seel, Christian and Wasser, Cédric. (2014) On Optimal Head Starts in All-Pay Auctions. Economics Letters, 124 (2). pp. 211-214.
Full text not available from this repository.
Official URL: https://edoc.unibas.ch/72614/
Downloads: Statistics Overview
Abstract
We consider a two-player all-pay auction with symmetric independent private values that are uniformly distributed. The designer chooses the size of a head start that is given to one of the players. The designer’s objective is to maximize a convex combination of the expected highest effort and the expected aggregate effort. Unless the weight on the highest effort is one, small head starts are always worse than no head start. Moreover, the optimal head start is strictly positive if and only if the weight on the highest effort is large enough.
| Faculties and Departments: | 06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Mikroökonomische Theorie (Nöldeke) |
|---|---|
| UniBasel Contributors: | Wasser, Cédric |
| Item Type: | Article, refereed |
| Article Subtype: | Research Article |
| Publisher: | Elsevier |
| ISSN: | 0165-1765 |
| e-ISSN: | 1873-7374 |
| Note: | Publication type according to Uni Basel Research Database: Journal article |
| Identification Number: | |
| Last Modified: | 12 Nov 2019 10:19 |
| Deposited On: | 12 Nov 2019 10:19 |
Repository Staff Only: item control page