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 valuations with complete information could reverse this result. Complete information seems well suited to some charity environments.
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Paris School of Economics
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Bos, O. (2009). How lotteries outperform auctions for charity (CORE Discussion Papers 2009/49). https://hdl.handle.net/2078.5/250790