Minchuk, Yizhaq - In: Economics Bulletin 34 (2014) 3, pp. 1665-1668
We study an asymmetric all-pay auction with a general utility function. We show that high-type bidders in all-pay auction with lower density, are bidding more aggressively than bidders with higher density. This result is contradictory to the result in Parreiras and Rubinchik (2010) on aggressive...