high level of participation. We propose a new type of auction system which takes advantage of lucky draw and gambling …Auction theories are believed to provide a better selling opportunity for the resources to be allocated. Various … organizations have took measures to increase trust among participants towards their auction system, but trust alone cannot ensure a …

; and rst-price, second-price, and all-pay auctions. Second, we establish revenue equivalence of these auction mechanisms in … auctions. Finally, we identify an optimal mechanism and its implementation by means of reserve prices in lottery and auction …

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 …

This paper purposes a symmetric all-pay auction where the bidders compete neither for an object nor the object itself … but for a lottery on receive. That lottery is determined endogenously through the bids. This auction is known as chance … auction or more popularly as Chinese auction. The model considers the possibility that for some bidders the optimal strategy …