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Bayesian Nash equilibrium in all-pay auctions with interdependent types.
- 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 :
- *NASH equilibrium
*AUCTIONS
Subjects
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