DP6769 Sequential Two-Prize Contests

Author(s):	Aner Sela
Publication Date:	April 2008
Keyword(s):	All-pay auctions, Multi-prize contests
JEL(s):	D44, D82, J31, J41
Programme Areas:	Industrial Organization
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=6769

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.