• Title of article

    Expected revenue of all-pay auctions and first-price sealed-bid auctions with budget constraints

  • Author/Authors

    Yeon-Koo، نويسنده , , Che; Gale، نويسنده , , Ian ، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 1996
  • Pages
    7
  • From page
    373
  • To page
    379
  • Abstract
    We show that all-pay auctions dominate first-price sealed-bid auctions when bidders face budget constraints. This ranking is explained by the fact that budget constraints bind less frequently in the all-pay auctions, which leads to more aggressive bidding in that format.
  • Keywords
    First-price sealed-bid auctions , Budget constraints , All-pay auctions
  • Journal title
    Economics Letters
  • Serial Year
    1996
  • Journal title
    Economics Letters
  • Record number

    434076

    • Link To Document
    https://search.isc.ac/dl/search/defaultta.aspx?DTC=10&DC=434076