Onderstal, Sander; Schram, Arthur J.C.; Soetevent, … - Tinbergen Instituut - 2011
-anonymous voluntary contribution mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households competed for a prize in the all …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … favor one that argues that competition in the all-pay mechanism crowds out intrinsic motivations to contribute. Second, the …