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This paper analyzes all-pay auctions where the bidders have affiliated values for the object for sale and where the signals take binary values. Since signals are correlated, high signals indicate a high degree of competition in the auction and since even losing bidders must pay their bid,...
Persistent link: https://www.econbiz.de/10015257158
[This item is a preserved copy. To view the original, visit http://econtheory.org/] In a general interdependent preference environment, we characterize when two payoff types can be distinguished by their rationalizable strategic choices without any prior knowledge of their beliefs and higher...
Persistent link: https://www.econbiz.de/10009455252