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. We approached about 4500 households, each participating in either an all-pay auction, a lottery, a non …-pay auction and the lottery. Although the all-pay auction is the superior fundraising mechanism both in theory and in the … anomaly. First, participation in the all-pay auction is substantially lower than in the other mechanisms while the average …
Persistent link: https://www.econbiz.de/10011255620
empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should … by the first price auction. Our design also allows us to identify differential participation as the source of the …
Persistent link: https://www.econbiz.de/10005762357
approached about 4500 households, each participating in an all-pay auction, a lottery, a non-anonymous voluntary contribution … mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households in the all-pay auction and the lottery competed for a … prize. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory, it did not …
Persistent link: https://www.econbiz.de/10010736911
approached about 4500 households, each participating in an all-pay auction, a lottery, a non-anonymous voluntary contribution … mechanism (VCM), or an anonymous VCM. In contrast to the VCMs, households in the all-pay auction and the lottery competed for a … prize. Although the all-pay auction is the superior fundraising mechanism both in theory and in the laboratory, it did not …
Persistent link: https://www.econbiz.de/10010776959
approached about 4500 households, each participating in either an all-pay auction, a lottery, a non-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 laboratory …
Persistent link: https://www.econbiz.de/10009003388
We consider competitive bidding for a business license, via an open ascending-price auction, between two symmetric …
Persistent link: https://www.econbiz.de/10005342186
We experimentally investigate four allocation mechanisms - all based on the fair division approach, with varying bid elicitation methods and price rules - in terms of their allocation efficiency, distributional effects, and regularities in individual bidding behavior. In a repeated design, an...
Persistent link: https://www.econbiz.de/10005090587
bids become due. It is shown that when bidders experience identity dependent externalities and auction participation is … exogenous, then for a large class of standard auction mechanisms, a policy of revelation serves to realize a higher surplus … auction allocation in a more ex-post efficient manner. Furthermore, it is shown that the policy of revelation increases both …
Persistent link: https://www.econbiz.de/10005596576
This Paper deals with collective decision making within a group of independent jurisdictions. The right to choose the public policy is delegated from the central authority of one of the jurisdictions through a bidding procedure among the group members. We identify the following trade-off:...
Persistent link: https://www.econbiz.de/10005661614
In their recent paper Goeree et al. (2005) determine that all-pay auctions are better for fundraising activities than lotteries. We show that the introduction of asymmetry among valuations with complete information could reverse this result. Complete information seems well suited to some charity...
Persistent link: https://www.econbiz.de/10008550187