BIDDING TO GIVE: AN EXPERIMENTAL COMPARISON OF AUCTIONS FOR CHARITY*
通过实验比较三种慈善筹款机制（第一价格赢家支付拍卖、第一价格全支付拍卖和彩票），发现全支付拍卖在信息不完全和独立私人价值环境下筹款收入显著更高。
We experimentally compare three mechanisms used to raise money for charities: first‐price winner‐pay auctions, first‐price all‐pay auctions, and lotteries. We stay close to the characteristics of most charity auctions by using an environment with incomplete information and independent private values. Our results support theoretical predictions by showing that the all‐pay format raises substantially higher revenue than the other mechanisms.