Citation

Discussion Paper Details

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Title: Sequential Two-Prize Contests

Author(s): Aner Sela

Publication Date: April 2008

Keyword(s): All-pay auctions and Multi-prize contests

Programme Area(s): Industrial Organization

Abstract: We study two-stage all-pay auctions with two identical prizes. In each stage, players compete for one prize. Each player may win either one or two prizes. We analyze the equilibrium strategies where players' marginal values for the prizes are either declining or inclining.

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Bibliographic Reference

Sela, A. 2008. 'Sequential Two-Prize Contests'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=6769