منابع مشابه
Tie-breaks and bid-caps in all-pay auctions
Article history: Received 25 April 2011 Available online 26 June 2015 JEL classification: D72 D44
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An auction is “a market institution with an explicit set of rules determining resource allocation and prices on the basis of bids from the market participants” (McAfee and McMillan, 1987).1 Auctions are among the oldest market institutions; “marriage auctions” for brides were used in Babylon as early as 500 BC. Products commonly bought and sold using auctions include art and jewelry, US Treasur...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2019
ISSN: 0899-8256
DOI: 10.1016/j.geb.2018.10.010