Resource title

Less fighting than expected: experiments with wars of attrition and all-pay auctions

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image for OpenScout resource :: Less fighting than expected: experiments with wars of attrition and all-pay auctions

Resource description

We use experiments to compare dynamic and static wars of attrition (i.e. second-price all-pay auctions) and first-price all-pay auctions. Many other studies find overbidding in first-price all-pay auctions. We can replicate this property. In wars of attrition, however, we find systematic underbidding. We study bids and revenue in different experimental frames and matching procedures and draw a link to the literature on stepwise linear bidding functions.

Resource author

Hannah Hoerisch, Oliver Kirchkamp

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Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/25707

Resource license

Adapt according to the presented license agreement and reference the original author.