Charity Auctions Research Articles

Charity Art Auctions

Using a unique dataset of art auctions on eBay, we conduct an empirical analysis of the added value of an auction's charity status. The panel structure of our dataset allows us to employ fixed effects techniques to control for observed and unobserved differences across auctions. The existing literature suggests a quantitatively small impact of charity status on sale price. In contrast, our results point to a highly significant, and sizable, impact of charity status on the behavior of buyers and sellers and on market outcomes. For a certain group of auctions in particular, charity status increases the second highest bid by 103%, on average, when compared with standard auctions, and the probability of sale by 55%. Charity status also has a significant impact on the opening bid and the number of bidders participating in the auction. Interestingly, the ending date of the auction has an important impact on the outcome of the charity auction.

Charity Auctions for the Happy Few

Recent literature has shown that all-pay auctions raise more money for charity than winner-pay auctions. We demonstrate that the first-price and second-price winner-pay auctions outperform the first-price and second-price all-pay auction when bidders are sufficiently asymmetric. To prove it, we consider a framework with complete information. Complete information is realistic and corresponds to events that occur, for instance, in a local service club (such as a voluntary organization) or in a show business dinner.

Charity Auctions: A Field Experiment

Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or empirically, about the properties of charity auctions. We conduct field experiments to see which sealed bid format, first price, second price or all-pay, raises the most money. Our experiment suggests that both the all-pay and second price formats are dominated by the first price auction. Our design also allows us to identify differential participation as the source of the difference between existing theory and the field.

CHARITY AUCTIONS*

In a charity auction the public‐goods nature of auction revenue affects bidding incentives. We compare equilibrium bidding and revenue in first‐price, second‐price, and all‐pay charity auctions. Bidding revenue typically varies by selling format. First‐price auctions are less lucrative than second‐price and all‐pay auctions, and with sufficiently many bidders the all‐pay auction has the highest bidding revenue. However, revenue equivalence applies when the auctioneer can set a reserve price and fees plus threaten to cancel the auction. If the auctioneer cannot threaten cancellation, a reserve and bidding fee can augment revenue but again revenue varies by auction format

A Greater Price for a Greater Good? Evidence that Consumers Pay More for Charity-Linked Products

To study whether consumers will pay more for products that generate charitable donations, we analyze data from eBay on charity and noncharity auctions of otherwise identical products. Charity prices are 6 percent higher, on average, than noncharity prices. Bids below the closing price are also higher, as are bids by individuals bidding on identical charity and noncharity products. Bidders appear to value charity revenue at least partially as a public good, as they submit bids earlier in charity auctions, stimulating other bidders to bid more aggressively. Our results help explain why firms may pledge charitable donations, green production, or similar activities. (JEL D12, D44, D64, L81, M14, M31)

Charitable Motives and Bidding in Charity Auctions

Research on bidding in auctions has generally relied on the assumption of self-interested bidders. This work relaxes that assumption in the context of charity auctions. Because understanding charitable motives has important implications for auction design and charities' fundraising strategies, this study investigates bidders' specific types of charitable motives and the strength of these motives. We carry out three controlled field experiments consisting of real-life auctions conducted on a local Internet auction site. We use a novel design in which we simultaneously run charity and noncharity auctions for identical products and vary the percentage donated to charity. Results show that auctions with proceeds donated to charity lead to significantly higher selling prices, a result due to a higher bidding by bidders with charitable motives rather than to increased bidder entry. We also find that increased prices only occur when the charitable donation is a percentage of the auction revenue, and that a fixed charitable donation associated with each auction has no effect on prices. Furthermore, we find that prices are increasing in the percentage donated to charity. We find considerable support for a model of voluntary shill-like bidding, where charitable bidders try to increase proceeds in charity auctions. We also find that auctions with 25% of revenue donated to charity had higher net revenue than noncharity auctions. Hence, companies may be able to use charity auctions as part of a corporate social responsibility strategy and at the same time increase profitability even though they donate part of the proceeds to charity.

One thousand words

![Figure][1]</img> Figure. Midday snack at the nutritional centre, Rhini, Eastern Cape South Africa. This is the last of 3 photographs selected for publication in CMAJ from 6 finalists in a medical student photo contest and charity auction sponsored by McMaster University in 2005. This photograph,

Charity Auctions: A Field Experimental Investigation

Auctions are a popular way to raise money for charities, but relatively little is known, either theoretically or empirically, about the properties of charity auctions. The small theoretical literature suggests that the all-pay auction should garner more money than winner-pay auctions. We conduct field experiments to test which sealed bid format, first price, second price or all-pay raises the most money. Our experiment suggests that both the all-pay and second price formats are dominated by the first price auction. Our design also allows us to identify differential participation as the source of the difference between existing theory and the field. To conclude, we show that a model of charity auctions augmented by an endogenous participation decision predicts the revenue ordering that we see in the field.

Using third‐party services to reduce the development cost and improve the effectiveness of charity websites

AbstractThe growth of the internet has provided a new medium for charities to reach out to potential supporters. The development of a website requires time, money and expertise that may not be available to many charities. A novel approach is presented to allow these charities to maximise the effectiveness of their websites by using freely available features that have been developed by third parties. It is suggested that use of these services will allow charities to deliver extensive and advanced functionality quickly at reduced cost and with limited in‐house skills. A wide range of services is identified and these appear to allow charities to: increase the content of their sites and foster a sense of community to encourage repeat visits; raise funds by processing online donations or hosting charity auctions; extend their trading activities to the internet; manage and monitor the use of their websites; and improve a range of other activities such as recruitment and advocacy. Some of the services have an associated cost but seem to offer a cheaper and quicker route to implementation for most charities.Although the use of these pre‐built services may provide cost savings, several risks associated with the suggested approach are also considered. By relying on third parties to provide these services, charities have to surrender some degree of control and risk damaging their reputation if the selected services are inappropriate or unreliable. The need to attract visitors to the site initially is also not addressed by this approach. It is concluded that the use of third‐party services does offer an opportunity for charities to enhance the websites but that these services need to be chosen very carefully. There is a need for further research to evaluate the suggested approach and to identify the effectiveness of the various services. Copyright © 2003 Henry Stewart Publications

Charity Auctions

Charity Auctions

Table of Contents

Abstract Why a Charity Auction? Organizations That Provide Funds, Volunteers Humane Society Benefits From National Charity League Plug Into The National Charity League Web Sites Of Interest New Way To Connect Pump Up Your Publicity Give New Life to Your Volunteer Advertisements Fun Ways To Educate Volunteers Creative Exercise Helps Volunteers Learn Responsibilities Profitable Special Events Ideas Great Ideas For Your Auction Nurturing Your Team Questionnaire Helps Volunteer Program Recognize Longtime Volunteers Are You Recognizing Volunteers' Longevity With Your Cause? Plan To Attend Volunteers Key To Annual Breakfast's Financial Success Get Your New Special Events Manual Now Volunteers' Talents Help Generate Funds Volunteer Showcase Benefits Care Facility Incentives Energize Volunteers Thanking Volunteers Encourages Them To ‘Sell’ To Others Volunteer Recruitment Aids Position Description Summary Helps in Recruitment Process Presentation Tips 3 Ways To Improve Your Facilitator Skills Tip Your Cup To Volunteers' Good Works Cut Your Phone Time Useful Management Tools Software Program Generates Special Greetings Greetings Software Sources Identify Corporate Involvement Opportunities Make the Most of Corporate Volunteer Programs Volunteer‐driven Events ‘Bread and Roses’ Benefit Assembles Chicago's Top Chefs Former Basketball Players Help Boys and Girls Clubs Five Ways To Reenergize Yourself Showcase Volunteers' Hidden Talents Is There An Artist In Your House? Make Use Of Your People Skills Could You Be a Spokesperson For Your Organization's Cause? You're Impacting Lives Positively The Volunteer's May Basket

Charity Auction Big Winner for Doc

Charity Auction Big Winner for Doc

The Nederburg Wine Auction

Nederburg Wine Auction, celebrating its 20th event this year (1994), has truly established itself internationally alongside auctions in France, Germany and America. It was the brainchild of a past managing director of the giant winemaker wholesalers Stellenbosch Farmers Winery. Dignitaries from all over the world attend this South African fine wine showcase. The organisation involved in getting more than a thousand people together also includes a prestigious fashion show and, at the end, a charity auction. Preparations are ongoing throughout the year, for the occasion which is becoming increasingly ambitious and innovative.