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Exclusion in all-pay auctions

  • Ian Gale
  • Mark Stegeman
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A description of a procedure for increasing the seller's expected revenue in an all-pay auction, specifically in the case of lobbying, where a politician is typically assumed to award the political prize to the highest bidder.

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File URL: http://www.clevelandfed.org/Research/Workpaper/1994/wp9401.pdf
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Paper provided by Federal Reserve Bank of Cleveland in its series Working Paper with number 9401.

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Date of creation: 1994
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Handle: RePEc:fip:fedcwp:9401
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  1. 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.
  2. French, Kenneth R & McCormick, Robert E, 1984. "Sealed Bids, Sunk Costs, and the Process of Competition," The Journal of Business, University of Chicago Press, vol. 57(4), pages 417-41, October.
  3. Baye, Michael R & Kovenock, Dan & de Vries, Casper G, 1993. "Rigging the Lobbying Process: An Application of the All-Pay Auction," American Economic Review, American Economic Association, vol. 83(1), pages 289-94, March.
  4. Roger B. Myerson, 1978. "Optimal Auction Design," Discussion Papers 362, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  5. Riley, John G & Samuelson, William F, 1981. "Optimal Auctions," American Economic Review, American Economic Association, vol. 71(3), pages 381-92, June.
  6. Arye L. Hillman & John G. Riley, 1987. "Politically Contestable Rents and Transfers," UCLA Economics Working Papers 452, UCLA Department of Economics.
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