A note on the Exclusion Principle

According to the so-called Exclusion Principle (introduced by Baye et alii, 1993), it might be profitable for the seller to reduce the number of fully-informed potential bidders in an all-pay auction. We show that it does not apply if the seller regards the bidders’ private valuations as belonging to the class of identical and independent distributions with a monotonic hazard rate.

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Year of publication:	2006-05
Authors:	Bertoletti, Paolo

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Type of publication:	Book / Working Paper
Language:	English
Notes:	Bertoletti, Paolo (2006): A note on the Exclusion Principle.
Classification:	D82 - Asymmetric and Private Information ; D44 - Auctions ; D72 - Economic Models of Political Processes: Rent-Seeking, Elections, Legistures, and Voting Behavior
Source:	BASE

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