Cross and Double Cross : Comparative Statics in First Price and All Pay Auctions

@inproceedings{Kornienko2007CrossAD,
  title={Cross and Double Cross : Comparative Statics in First Price and All Pay Auctions},
  author={Tatiana Kornienko},
  year={2007}
}
This paper analyses comparative statics for first price auctions and all pay auctions with independent private values. In all pay auctions, bidders with low values will respond to a stochastically higher (in the sense of likelihood ratio dominance) distribution of types by playing less aggressively while high value bidders bid more. In the first price… CONTINUE READING