The generalized Stackelberg equilibrium of the all-pay auction with complete information

In the equilibrium of the all-pay auction with two groups of individual players who move sequentially, only the player with the lowest effort cost has a positive payoff. This payoff and the overall dissipation crucially depend on group composition.

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Year of publication:	2006-03
Authors:	Konrad, Kai A. ; Leininger, Wolfgang
Institutions:	Wirtschafts- und Sozialwissenschaftliche Fakultät, Universität Dortmund

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Extent:	application/pdf
Series:	Discussion Papers in Economics.
Type of publication:	Book / Working Paper
Notes:	8 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005642216