DP6769 Sequential Two-Prize Contests
|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.