We extend previous theoretical work on n-players complete information all-pay auction to incorporate heterogeneous risk and loss averse utility functions. We provide sufficient and necessary conditions for the existence of equilibria with a given set of active players with any strictly...

We study asymmetric first price auctions in which bidders place their bids sequentially, one after the other and only once. We show that with a strong bidder and a weak bidder (in terms of first order stochastic dominance of their valuations distribution function), when the asymmetry between the...