Segev, Ella; Sela, Aner - In: Social Choice and Welfare 43 (2014) 4, pp. 893-923
We study a sequential all-pay auction with two contestants who are privately informed about a parameter (ability) that affects their cost of effort. We characterize the unique perfect Bayesian equilibrium of this sequential all-pay auction and analyze if giving a head start, i.e., an exogenously...