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We study all-pay auctions (or wars of attrition), where the highest bidder wins an object, but all bidders pay their bids. We consider such auctions when two bidders alternate in raising their bids and where all aspects of the auction are common knowledge including bidders' valuations. We analyze how the ability to "jump-bid," or raise bids by more than the minimal necessary increment a¤ects the outcome of the auction. We also study the impact of budget caps on total bids. We show that both offatcat:ds4g2lk2pndbrmscc4gxhkubdy