Acta mathematica scientia,Series A ›› 2010, Vol. 30 ›› Issue (5): 1276-1282.

• Articles • Previous Articles     Next Articles

Information Architecture and Its Impact on the Equilibrium for |All Pay Auction Model

 WANG Xian-Jia1, 2, CHEN Wen-Lei1   

  1. 1.Economics and Management School of Wuhan University, Wuhan 430072|

    2.College of Sciences, Wuhan University of Science and Technology, Wuhan 430081
  • Received:2010-08-01 Revised:2010-09-20 Online:2010-10-25 Published:2010-10-25
  • Supported by:

    国家自然科学基金(71071119)和中国博士后基金(20100471129)资助

Abstract:

All pay auction  are situations in which players spend bids  in order to win the contest. This paper characterize the all pay auction architecture and the equilibrium for the auction. First we give each player's  expenditure distributed function when facing different player. Player use cutoff strategies to decide whether they will participate in the all pay auction. Then we give the equilibrium when player are homogeneous or heterogeneous. Finally, when the equilibrium exists, from the point of competitor, we give the  the equilibrium distribution  estimates.

Key words: Auction, Strategy equilibria, Asymmetric information

CLC Number: 

  • 90D22
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