Abstract
We investigate a group all-pay auction in which each group's effort is represented by the minimum among the effort levels exerted by the group members and the prize is a group-specific public good. We fully characterize the symmetric equilibria for two groups. There are four types of equilibria: the pure strategy equilibria in which all (active) players exert the same effort; the semi-pure strategy equilibria in which the players in a group play the same pure strategy whereas those in the other group play the same mixed strategy; the nondegenerate mixed strategy equilibria with continuous support; and the nondegenerate mixed strategy equilibria with discontinuous support. We then analyze a general contest with n groups.
Original language | English |
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Pages (from-to) | 105-125 |
Number of pages | 21 |
Journal | Southern Economic Journal |
Volume | 83 |
Issue number | 1 |
Early online date | 9 Feb 2016 |
DOIs | |
Publication status | Published - Jul 2016 |
Keywords
- C72
- D70
- D72
- 41