Charitable asymmetric bidders
AbstractRecent papers show that all-pay auctions are better at raising money for charity than first-price auctions with symmetric bidders and under incomplete information. Yet, this result is lost with sufficiently asymmetric bidders and under complete information. In this paper, we consider a framework on charity auctions with asymmetric bidders under some incomplete information. We find that all-pay auctions still earn more money than first-price auction. Thus, all-pay auctions should be seriously considered when one wants to organize a charity auction.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 31877.
Date of creation: 2011
Date of revision:
All-pay auctions; Charity; Externalities;
Find related papers by JEL classification:
- D62 - Microeconomics - - Welfare Economics - - - Externalities
- D44 - Microeconomics - - Market Structure and Pricing - - - Auctions
- D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy
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