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Single Crossing Properties And The Existence Of Pure Strategy Equilibria In Games Of Incomplete Information
- Econometrica
, 1997
"... This paper analyzes a class of games of incomplete information where each agent has ..."
Abstract
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Cited by 87 (5 self)
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This paper analyzes a class of games of incomplete information where each agent has
Dynamic All-pay Auctions ¤
, 1999
"... In wars of attrition, players choose how long they bid, but not how much. In all-pay auctions, players choose how much to bid, but not for how long. We study an all-pay auction where two players can spread their bids over two periods. The …rst period bid is used to in‡uence payo¤s and beliefs of the ..."
Abstract
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In wars of attrition, players choose how long they bid, but not how much. In all-pay auctions, players choose how much to bid, but not for how long. We study an all-pay auction where two players can spread their bids over two periods. The …rst period bid is used to in‡uence payo¤s and beliefs of the opponent. The analysis reveals who is blu¢ng, creating an impression of strength that lures their opponent into unwarranted pessimism; and who is sandbagging, creating an impression of weakness that lures their opponent into unwarranted optimism.
