How lotteries outperform auctions
In their recent paper Goeree et al. (2005) determine that all-pay auctions are better for fundraising activities than lotteries. We show that the introduction of asymmetry among participants with complete information could reverse this result. Complete information seems well suited to some charity environments.
Year of publication: |
2011
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Authors: | Bos, Olivier |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 110.2011, 3, p. 262-264
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Publisher: |
Elsevier |
Keywords: | All-pay auctions Charity Complete information Lotteries |
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