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Philanthropy is one of the enduring areas of economic research. Why would people work hard only to give their earnings away? The paper explores the theoretical foundations, as well as the empirical and policy research on philanthropy. This paper reviews over 25 years worth of economic research,...
Persistent link: https://www.econbiz.de/10014023660
Altruism, giving and pro-social conduct, and reciprocity, are the basis of the existence and performance of societies … (which they sometimes also create); and in charity and specific organizations. Altruism has various origins: it can be … hedonistic or natural altruism in empathy, affection, sympathy, emotional contagion, pity, and compassion; or normative altruism …
Persistent link: https://www.econbiz.de/10014023682
This paper focuses on the relationship between public action and access to public goods. It begins by developing a simple model to capture the various mechanisms that are discussed in the theoretical literature on collective action. We use the model to illustrate the special assumptions embedded...
Persistent link: https://www.econbiz.de/10014024671
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Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10009506418
considers the roles that altruism and reciprocity might play in cooperatives, and it discusses the recent, largely experimental …
Persistent link: https://www.econbiz.de/10014023656
This chapter reviews the theory of the voluntary public and private redistribution of wealth elaborated by economic … analysis in the last forty years or so. The central object of the theory is altruistic gift-giving, construed as benevolent … voluntary redistribution of income or wealth. The theory concentrates on lump-sum voluntary transfers, individual or collective …
Persistent link: https://www.econbiz.de/10014023678
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