Bidding behavior in a symmetric Chinese auction
This paper purposes a symmetric all-pay auction where the bidders compete neither for an object nor the object itself but for a lottery on receive. That lottery is determined endogenously through the bids. This auction is known as chance auction or more popularly as Chinese auction. The model consid...
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| Format: | Article |
| Language: | English |
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Elsevier
2015-01-01
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| Series: | EconomiA |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S1517758015000077 |