The All Pay. Common Value Auction as a Model of Contests

An all pay, common value auction is proposed as a model of contests. The common value of the prize is ex-ante unknown, but each contestant has private information about its true value. These private information are affiliated. Unlike in the symmetric winner pay auction model of Milgrom and Weber (1...

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Bibliographic Details
Main Author: Nungsari, Ahmad Radhi
Format: Thesis
Language:eng
eng
Published: 1994
Subjects:
Online Access:https://etd.uum.edu.my/630/1/Nungsari_Ahmad_Radhi.pdf
https://etd.uum.edu.my/630/2/Nungsari_Ahmad_Radhi_94.pdf
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