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Bayesian Nash equilibrium in all-pay auctions with interdependent types.

Authors :
Haimanko, Ori
Source :
Games & Economic Behavior. Jul2024, Vol. 146, p222-233. 12p.
Publication Year :
2024

Abstract

We prove the existence of a behavioral-strategy Bayesian Nash equilibrium in all-pay auctions with statistically interdependent types (signals) under quite general assumptions on the values, costs and tie-breaking rules. Moreover, the set of equilibria is shown to be the same for any tie-breaking rule used in the auction. [ABSTRACT FROM AUTHOR]

Subjects

Subjects :
*NASH equilibrium
*AUCTIONS

Details

Language :
English
ISSN :
08998256
Volume :
146
Database :
Academic Search Index
Journal :
Games & Economic Behavior
Publication Type :
Academic Journal
Accession number :
178292193
Full Text :
https://doi.org/10.1016/j.geb.2024.05.007