This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Caps on Bidding in All-Pay Auctions: Comments on the Experiments of A. Rapoport and W. Amaldoss

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Dechenaux, Emmanuel
Kovenock, Dan
Lugovskyy, Volodymry

Additional information is available for the following registered author(s):

Abstract

In an article published in this journal, Rapoport and Amaldoss (2000, Journal of Economic Behavior and Organization, 42, 483-521) analyze symmetric and asymmetric investment games similar to two-player all-pay auctions with bid caps. In this note, we correct an error in their characterization of the set of Nash Equilibria of their symmetric investment game. In particular, we find Equilibria that Rapoport and Amaldoss (2000) fail to identify. Taking these Equilibria into account has important implications for the analysis of data from Rapoport and Amaldoss’s experiments.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help file. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://www.mgmt.purdue.edu/programs/phd/Working-paper-series/Year-2003/Kovenock-et-al-all-pay-auction-comment.pdf
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number 1161.

Download reference. The following formats are available: HTML, plain text, BibTeX, RIS (EndNote), ReDIF
Length: 15 pages
Date of creation: 2003
Date of revision:
Handle: RePEc:pur:prukra:1161

Contact details of provider:
Postal: Krannert Building, West Lafayette, IN 47907
Web page: http://www.krannert.purdue.edu/programs/phd
More information through EDIRC

For technical questions regarding this item, or to correct its listing, contact: (Paul S. Chun).

Related research
Keywords: All-Pay Auction Mixed strategies Discrete strategy space Bid caps Experiments

Other versions of this item:

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Che, Yeon-Koo & Gale, Ian L, 1998. "Caps on Political Lobbying," American Economic Review, American Economic Association, vol. 88(3), pages 643-51, June. [Downloadable!] (restricted)
    Other versions:
  2. Rapoport, Amnon & Amaldoss, Wilfred, 2000. "Mixed strategies and iterative elimination of strongly dominated strategies: an experimental investigation of states of knowledge," Journal of Economic Behavior & Organization, Elsevier, vol. 42(4), pages 483-521, August. [Downloadable!] (restricted)
  3. Dechenaux, Emmanuel & Kovenock, Dan & Lugovskyy, Volodymry, 2003. "A Comment on “David and Goliath: An Analysis on Asymmetric Mixed-Strategy Games and Experimental Evidence”," Purdue University Economics Working Papers 1162, Purdue University, Department of Economics. [Downloadable!]
  4. Dan Kovenock & Michael R. Baye & Casper G. de Vries, 1996. "The all-pay auction with complete information (*)," Economic Theory, Springer, vol. 8(2), pages 291-305.
Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Chen Cohen & Aner Sela, 2007. "Contests with Ties," Contributions to Theoretical Economics, Berkeley Electronic Press, vol. 7(1), pages 1398-1398. [Downloadable!] (restricted)
  2. Dechenaux, Emmanuel & Kovenock, Dan & Lugovskyy, Volodymry, 2003. "A Comment on “David and Goliath: An Analysis on Asymmetric Mixed-Strategy Games and Experimental Evidence”," Purdue University Economics Working Papers 1162, Purdue University, Department of Economics. [Downloadable!]
Statistics
Access and download statistics

Did you know? Over 77% of the top 1000 economists are registered on RePEc.

This page was last updated on 2008-11-5.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.