Arbeitspapier
Nash equilibria in all-pay auctions with discrete strategy space
Using two-player all-pay auctions, the author fully characterizes the Nash equilibrium under a discrete bidding strategy space. In particular, he shows that under the random tiebreaking rule, the cardinality of the set of Nash equilibrium depends on the parity of the reward size and a continuum of Nash equilibria exists. Additionally, when a simple favorone-sided tie-breaking rule is used, the equilibrium solution becomes independent of the reward size.
- Sprache
-
Englisch
- Erschienen in
-
Series: Economics Discussion Papers ; No. 2017-22
- Klassifikation
-
Wirtschaft
Auctions
Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- Thema
-
asymmetric Nash equilibrium
all-pay auction
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Li, Zheng
- Ereignis
-
Veröffentlichung
- (wer)
-
Kiel Institute for the World Economy (IfW)
- (wo)
-
Kiel
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Li, Zheng
- Kiel Institute for the World Economy (IfW)
Entstanden
- 2017
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