Statements (23)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
auction type
|
| gptkbp:analyzes |
gptkb:Nash_equilibrium
|
| gptkbp:feature |
expected revenue equals value of the prize in symmetric case
all bidders pay their bids bids are sunk costs can be single or multiple prize can have symmetric or asymmetric bidders can lead to overbidding highest bidder wins the prize losers also pay their bids |
| gptkbp:field |
economics
game theory |
| https://www.w3.org/2000/01/rdf-schema#label |
all-pay auction
|
| gptkbp:relatedTo |
first-price auction
war of attrition |
| gptkbp:studiedBy |
Dan Levin
James Friedman Robert G. Chambers |
| gptkbp:usedIn |
contests
political lobbying rent-seeking |
| gptkbp:bfsParent |
gptkb:Auction_Theory
|
| gptkbp:bfsLayer |
8
|