Carpenter, Jeffrey; Holmes, Jessica; Matthews, Peter Hans - Institute for the Study of Labor (IZA) - 2004
Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or … empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second …