{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2022,3,30]],"date-time":"2022-03-30T07:57:04Z","timestamp":1648627024376},"reference-count":15,"publisher":"World Scientific Pub Co Pte Lt","issue":"02","content-domain":{"domain":[],"crossmark-restriction":false},"short-container-title":["Int. Game Theory Rev."],"published-print":{"date-parts":[[2019,6]]},"abstract":"<jats:p> The paper studies second-price all-pay auctions \u2014 wars of attrition \u2014 in a new way, based on classroom experiments and Kosfeld et\u00a0al.\u2019s best-reply matching (BRM) equilibrium. Two players fight over a prize of value [Formula: see text], and submit bids not exceeding a budget [Formula: see text]; both pay the lowest bid and the prize goes to the highest bidder. The behavior probability distributions in the classroom experiments are strikingly different from the mixed Nash equilibrium (NE). They fit with BRM and generalized best-reply matching (GBRM), an ordinal logic according to which, if bid A is the best response to bid B, then A is played as often as B. The paper goes into the GBRM logic, highlights the role of focal values and discusses the high or low payoffs this logic can lead to. <\/jats:p>","DOI":"10.1142\/s0219198919400097","type":"journal-article","created":{"date-parts":[[2019,3,24]],"date-time":"2019-03-24T22:24:46Z","timestamp":1553466286000},"page":"1940009","source":"Crossref","is-referenced-by-count":0,"title":["Second-Price All-Pay Auctions and Best-Reply Matching Equilibria"],"prefix":"10.1142","volume":"21","author":[{"given":"Gis\u00e8le","family":"Umbhauer","sequence":"first","affiliation":[{"name":"Bureau d\u2019Economie Th\u00e9orique et Appliqu\u00e9e, University of Strasbourg, Strasbourg, France"}]}],"member":"219","published-online":{"date-parts":[[2019,7,10]]},"reference":[{"key":"S0219198919400097BIB001","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA11105"},{"key":"S0219198919400097BIB002","doi-asserted-by":"publisher","DOI":"10.2307\/1911196"},{"key":"S0219198919400097BIB003","first-page":"643","volume":"88","author":"Che Y. K.","year":"1998","journal-title":"Am. Econ. Rev."},{"key":"S0219198919400097BIB004","doi-asserted-by":"publisher","DOI":"10.1007\/s10683-014-9421-0"},{"key":"S0219198919400097BIB005","doi-asserted-by":"publisher","DOI":"10.1086\/587624"},{"key":"S0219198919400097BIB006","doi-asserted-by":"publisher","DOI":"10.2307\/1912845"},{"key":"S0219198919400097BIB007","doi-asserted-by":"publisher","DOI":"10.1016\/j.jebo.2004.09.013"},{"key":"S0219198919400097BIB008","doi-asserted-by":"publisher","DOI":"10.2307\/2526827"},{"key":"S0219198919400097BIB009","doi-asserted-by":"publisher","DOI":"10.1007\/s11127-009-9523-y"},{"key":"S0219198919400097BIB010","doi-asserted-by":"publisher","DOI":"10.1016\/S0899-8256(02)00007-6"},{"key":"S0219198919400097BIB011","doi-asserted-by":"publisher","DOI":"10.1016\/j.euroecorev.2010.02.006"},{"key":"S0219198919400097BIB012","doi-asserted-by":"publisher","DOI":"10.1016\/j.jpubeco.2011.07.002"},{"key":"S0219198919400097BIB013","doi-asserted-by":"publisher","DOI":"10.2307\/1911197"},{"key":"S0219198919400097BIB014","doi-asserted-by":"publisher","DOI":"10.1177\/002200277101500111"},{"key":"S0219198919400097BIB015","doi-asserted-by":"publisher","DOI":"10.4324\/9781315669069"}],"container-title":["International Game Theory Review"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/www.worldscientific.com\/doi\/pdf\/10.1142\/S0219198919400097","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2019,8,6]],"date-time":"2019-08-06T17:21:55Z","timestamp":1565112115000},"score":1,"resource":{"primary":{"URL":"https:\/\/www.worldscientific.com\/doi\/abs\/10.1142\/S0219198919400097"}},"subtitle":[],"short-title":[],"issued":{"date-parts":[[2019,6]]},"references-count":15,"journal-issue":{"issue":"02","published-online":{"date-parts":[[2019,7,10]]},"published-print":{"date-parts":[[2019,6]]}},"alternative-id":["10.1142\/S0219198919400097"],"URL":"https:\/\/doi.org\/10.1142\/s0219198919400097","relation":{},"ISSN":["0219-1989","1793-6675"],"issn-type":[{"value":"0219-1989","type":"print"},{"value":"1793-6675","type":"electronic"}],"subject":[],"published":{"date-parts":[[2019,6]]}}}