bn:00348926n
Noun Concept
Categories: Types of Auctions, Mathematical economics, Non-cooperative games
EN
all-pay auction  Tullock auction  Tullock lottery
EN
In economics and game theory, an all-pay auction is an auction in which every bidder must pay regardless of whether they win the prize, which is awarded to the highest bidder as in a conventional auction. Wikipedia
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EN
In economics and game theory, an all-pay auction is an auction in which every bidder must pay regardless of whether they win the prize, which is awarded to the highest bidder as in a conventional auction. Wikipedia
Auction where every bidder pays regardless of whether they win the prize Wikidata
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