Discussion paper

DP6769 Sequential Two-Prize Contests

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.


Sela, A (2008), “DP6769 Sequential Two-Prize Contests”, CEPR Press Discussion Paper No. 6769. https://cepr.org/publications/dp6769