Authors: Aner Sela
Publish Date: 2010/06/11
Volume: 51, Issue: 2, Pages: 383-395
Abstract
We study a twostage allpay auction with two identical prizes In each stage the players compete for one prize Each player may win either one or two prizes We analyze the unique subgameperfect equilibrium of our model with two players where each player’s marginal values for the prizes are decreasing constant or increasing We also analyze an equilibrium of the model with more than two players where each player’s marginal values for the prizes are nonincreasing
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