Construct · 1 fields · 1 citations

all-pay auction: a standalone construct

One name. One construct. A landmark on the map.

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Game theory

an auction in which every bidder pays their bid whether or not they win, used to model contests, lobbying and races.

In game theory, all-pay auction refers to an auction in which every bidder pays their bid whether or not they win, used to model contests, lobbying and races. This meaning comes from Baye (1996) in Economic Theory.[1]

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Nearby constructs

game2 fields · 3 citationsjingle · one word, two constructs model3 fields · 3 citationsjingle · one word, three constructs

References

Baye, M. R., Kovenock, D., & de Vries, C. G. (1996). The all-pay auction with complete information. Economic Theory, 8(2), 291-305. https://doi.org/10.1007/bf01211819

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