When faced with budget-constrained bidders, all-pay auctions revenue-dominate standard auctions (Örst and second-price), which, in a competitive market, gives an edge to the all-pay format. An equilibrium in which sellers compete with standard auctions fails to exist if the all-pay format is...

Purpose This paper seeks to evaluate the factors that contribute to congestion at port entrances, propose a comprehensive approach to managing port gates that addresses the factors causing traffic jams and assess the outcomes of resolving the issue through an optimal model for incoming container...