Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10005388096
In a common value auction in which the information partitions of the bidders are connected, all rings are core-stable. More precisely, the ex ante expected utilities of rings, at the (noncooperative) sophisticated equilibrium proposed by Einy et al. [Einy, E., Haimanko, O., Orzach, R., Sela,...
Persistent link: https://www.econbiz.de/10011065425
Persistent link: https://www.econbiz.de/10005521026
Persistent link: https://www.econbiz.de/10005374270
Persistent link: https://www.econbiz.de/10005388161
Persistent link: https://www.econbiz.de/10005124503
We study a sequential all-pay auction with two contestants who are privately informed about a parameter (ability) that affects their cost of effort. Contestant 1 (the first mover) exerts an effort in the first period which translates into an observable output, but with some noise, and contestant...
Persistent link: https://www.econbiz.de/10011065419