Carpenter, Jeffrey; Holmes, Jessica; Matthews, PeterHans - In: Economic Journal 118 (2008) 525, pp. 92-113
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. We conduct field experiments to see which sealed bid format, first price, second price or all-pay, raises the most money. Our...