Journal of Economic Theory and Econometrics: Journal of the Korean Econometric Society
Home About    Aims and Scope    Editorial Board Submit Archive Search Announcement
Journal of Economic Theory and Econometrics
JETEM/계량경제학보/計量經濟學報/JKES
Journal of the Korean Econometric Society

On asymmetry in all-pay auctions

Vol.28, No.1, March , 67–83



  •   (Department of Economics, Korea University)

PDF
Abstract  

This paper examines the role of asymmetry in all-pay auctions. In particular, this paper decomposes a change in players’ valuations into the absolute change and the relative change, and analyzes how these changes affect total expenditures. An increase in the sum of players’ valuations increases total expenditures but an increase in asymmetry among players’ valuations tends to decrease total expenditures under both complete and incomplete information. This paper also studies the optimal all-pay auction design problem.


Keywords
   Asymmetry, All-pay auctions, Deterministic contests

JEL classification codes
   C72, D44, D72, D82
Links

KCI
KES
SCOPUS
MathJax