An analysis of the war of attrition and the all-pay auction

Article Abstract:

The non-standard auction forms of the war of attrition and the all-pay auction both raise greater revenue than all sealed-bid auctions. In both nonstandard forms, all the losers pay their respective bids. They differ only in that the winner in the war of attrition pays the bid of the second-highest bidder, while the winner in the all-pay auction his actual bid.

Analysis

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The art of conversation: Eliciting information from experts through multi-stage communication

Article Abstract:

The strategic interactions between an informed expert and an uninformed decision maker, extending the analysis of Crawford and Sobel are examined. Crawford and Sobel models were modified to allow more extensive and face-to-face communication between the experts and the uninformed decision makers.

United States, Management-Communications, Decision-making, Decision making, Organizational communication

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Asymmetric English auctions

Article Abstract:

The equilibrium of the open ascending price auction is analyzed.

Management dynamics, Management, Company business management, Equilibrium (Economics)

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