Carpenter, Jeffrey; Holmes, Jessica; Matthews, Peter Hans - Institute for the Study of Labor (IZA) - 2004
empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … price or all-pay raises the most money. Our experiment suggests that both the all-pay and second price formats are dominated … by the first price auction. Our design also allows us to identify differential participation as the source of the …