Engers, Maxim; McManus, Brian - In: International Economic Review 48 (2007) 3, pp. 953-994
In a charity auction the public-goods nature of auction revenue affects bidding incentives. We compare equilibrium bidding and revenue in first-price, second-price, and all-pay charity auctions. Bidding revenue typically varies by selling format. First-price auctions are less lucrative than...