Charity Auctions: A Field Experiment  

Oleh:

Carpenter, Jeffrey ; Holmes, Jessica ; Matthews, Peter Hans

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: The Economic Journal (EBSCO) vol. 118 no. 525 (Jan. 2008), page 92-113.
Topik: Charity Auctions; Charities
Fulltext: 92.pdf (197.33KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE28.27 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Isi artikel

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 seee which sealed bid format, first price, second price or all-pay, raises the most money. Our experiment suggests that both the all-pay and second price formats are dominated by the first price auction. Our design also allows us to identify differential participation as the source of the difference between existing theory and the field.

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