Charitable asymmetric bidders

Olivier Bos

MPRA Paper from University Library of Munich, Germany

Abstract: Recent 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.

Keywords: All-pay auctions; Charity; Externalities (search for similar items in EconPapers)
JEL-codes: D44 D62 D64 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-cta
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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https://mpra.ub.uni-muenchen.de/31877/1/MPRA_paper_31877.pdf original version (application/pdf)

Related works:
Journal Article: Charitable asymmetric bidders (2020)
Working Paper: Charitable asymmetric bidders (2020)
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:31877

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