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| Author: | Carpenter, J. Holmes, J. Matthews, P.H. |
| Title: | Charity auctions: A field experiment |
| Journal: | Economic Journal
2008 : JAN, VOL. 118:525, p. 92-113 |
| Index terms: | charities auctions |
| Language: | eng |
| Abstract: | A popular way to raise money for charities is auctions. This study performs field experiments to see which sealed bid format, 1st price, 2nd price or all-pay, raises the most money. The experiment suggests that both the all-pay and 2nd price formats are dominated by the 1st price auction. Differential participation is identified as the source of the difference btw. existing theory and the field. |
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