(All-pay) Auctions
Unusual auctions for particular goods/services in which participants continue to contribute some amount in every round, until all but one person drops out. The last person to drop out wins the thing being auctioned.
Alternative tool name:
Tool variation:
Category: Incentives/gifts
Sub-category: Direct incentive
Relevant theories: Auction theory
Type of evidence: Field-exp-charity
Evidence strength (ad hoc assessment):
Main findings
Standard charity auctions don't clearly raise much more than the value of the goods. All-pay auctions work well in theory and in the lab, but other methods (“VCMs”, lotteries) work better in the field (Onderstal et al).
Discussion
Practical relevance
Use cases
Prevalence:
Very common (APA rare)
Key papers
Secondary papers
Contributors David Reinstein
Discussion