Spite vs. risk: Explaining overbidding in the second-price all-pay auction

Author:

Kirchkamp Oliver,Mill Wladislaw

Funder

Max-Planck-Gesellschaft

International Max Planck Research School for Advanced Methods in Process and Systems Engineering

European Space Agency

Publisher

Elsevier BV

Subject

Economics and Econometrics,Finance

Reference92 articles.

1. A class of all-pay auctions with affiliated information;Albano;Louvain Econ. Rev.,2001

2. Rent seeking with bounded rationality: an analysis of the all-pay auction;Anderson;J. Polit. Econ.,1998

3. Asymmetric information about rivals' types in standard auctions: an experiment;Andreoni;Games Econ. Behav.,2007

4. Subjective probabilities in games: an application to the overbidding puzzle;Armantier;Int. Econ. Rev.,2009

5. Incentives in experiments: a theoretical analysis;Azrieli;J. Polit. Econ.,2018

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