Charity auctions for the happy few [presented at CESifo Venice Summer Institute 2008, Workshop on "Advances in the Theory of Contests and its Applications"]
Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first and second-price winner-pay auctions generate higher revenue than first-price all-pay auctions when bidders are sufficiently asymmetric. To prove it, we consider a f...
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| Format: | UnknownFormat |
| Sprache: | eng |
| Veröffentlicht: |
Munich
Univ., Center for Economic Studies
2008
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| Schriftenreihe: | CESifo working paper series Public choice
2398 |
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