We study all-pay auctions (or wars of attrition), where the highest bidder wins an object, but all bidders pay their … bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are … determining the outcome of the auctions. …

This paper derives sufficient conditions for a class of games of incomplete information, such as first price auctions …-price, private value auctions with potentially heterogeneous, risk-averse bidders, with either independent or affiliated values, and … with reserve prices which may differ across bidders; mineral rights auctions with two heterogeneous bidders and affiliated …

This paper derives sufficient conditions for a class of games of complete information , such as first price auctions …

- namely, equilibrium existence in first-price auctions and the revenue dominance of second-price auctions - do not generalize …

comprehensive investigation on the revenue ranking of auctions under general dependence. …

comprehensive investigation on the revenue ranking of auctions under general dependence. -- affiliation ; positive dependence … ; auctions ; pure strategy equilibrium ; revenue ranking …

- namely, equilibrium existence in first-price auctions and the revenue dominance of second-price auctions - do not generalize … ; conditional independence ; de Finetti's theorem ; minimally informative random variable ; auctions ; pure strategy equilibrium …

comprehensive investigation on the revenue ranking of auctions under general dependence. …

As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This … development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a …

As a selling mechanism, auctions have acquired a central position in the free market economy all over the globe. This … development has deepened, broadened, and expanded the theory of auctions in new directions. This chapter is intended as a …