An all-pay auction with a pure-strategy equilibrium

Authors
Amegashie, JA
Citation
Ja. Amegashie, An all-pay auction with a pure-strategy equilibrium, ECON LETT, 70(1), 2001, pp. 79-82
Citations number
8
Categorie Soggetti
Economics
Journal title
ECONOMICS LETTERS
ISSN journal
01651765 → ACNP
Volume
70
Issue
1
Year of publication
2001
Pages
79 - 82
Database
ISI
SICI code
0165-1765(200101)70:1<79:AAAWAP>2.0.ZU;2-D
Abstract
I present an all-pay auction where the valuations of the contestants is a f unction of their bids (expenditures). I show that there exists a unique Nas h equilibrium in pure strategies under certain conditions. (C) 2001 Elsevie r Science B.V. All rights reserved. JEL classification: D23; D73.