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A Theory of Crowdfunding - A Mechanism Design Approach with Demand Uncertainty and Moral Hazard

Strausz, Roland - 2016

Crowdfunding provides innovation in enabling entrepreneurs to contract with consumers before investment. Under … information threatens this benefit. Despite these threats, popular crowdfunding schemes are able to implement optimal screening … mechanisms. Crowdfunding's after-markets enable consumers to actively implement deferred payments and thereby optimally manage …

Persistent link: https://www.econbiz.de/10012979605

Relational Warm Glow and Giving in Social Groups

Scharf, Kimberley Ann; Smith, Sarah - CESifo - 2014

between social group size and fundraising outcomes: (i) a positive relationship between group size and the total number of …

Persistent link: https://www.econbiz.de/10010795346

Sequential versus Simultaneous Contributions to Public Goods : Experimental Evidence

Gaechter, Simon - 2009

We report an experiment comparing sequential and simultaneous contributions to a public good in a quasi-linear two-person setting (Varian, Journal of Public Economics, 1994). Our findings support the theoretical argument that sequential contributions result in lower overall provision than...

Persistent link: https://www.econbiz.de/10012763994

Risky Choices and Solidarity : Why Experimental Design Matters

Wunsch, Conny - 2018

Negative income shocks can either be the consequence of risky choices or random events. A growing literature analyzes the role of responsibility for neediness for informal financial support of individuals facing negative income shocks based on randomized experiments. In this paper, we show that...

Persistent link: https://www.econbiz.de/10012912673

The Signaling Role of Charitable Contributions by Businesses : A Tax Policy Perspective

Blumkin, Tomer - 2016

Empirical evidence suggests that charitable contributions to public goods may be driven not only by the familiar warm-glow of giving motive but also as a means for businesses to signal high product quality. Building on this finding, we present an analytical framework that characterizes the...

Persistent link: https://www.econbiz.de/10012979588

Racial Group Affinity and Religious Giving : Evidence from Congregation-Level Panel Data

Dimitrova-Grajzl, Valentina P. - 2015

Since giving to religious organizations constitutes a substantial portion of total charitable giving, an understanding of the determinants of religious giving is a vital policy concern. Drawing on a novel congregation-level panel dataset, we examine whether religious giving is driven by...

Persistent link: https://www.econbiz.de/10013030325

Defaults and Donations : Evidence from a Field Experiment

Altmann, Steffen - 2015

We study how website defaults affect consumer behavior in the domain of charitable giving. In a field experiment that was conducted on a large platform for making charitable donations over the web, we exogenously vary the default options in two distinct choice dimensions. The first pertains to...

Persistent link: https://www.econbiz.de/10013030492

Lift and Shift : The Effect of Fundraising Interventions in Charity Space and Time

Scharf, Kimberley A. - 2017

Fundraising interventions may lift donations and/or shift their composition and timing, making it important to study … their effect across charity space and time. We find that major fundraising appeals lift total donations, but surprisingly …

Persistent link: https://www.econbiz.de/10012943156

Relational Warm Glow and Giving in Social Groups

Scharf, Kimberley A. - 2014

between social group size and fundraising outcomes: (i) a positive relationship between group size and the total number of …

Persistent link: https://www.econbiz.de/10013050470

On the Desirability of Taxing Charitable Contributions

Blumkin, Tomer - 2007

We develop a model that allows for public goods and status signaling through charitable contributions. This model provides a unified framework in which contributions are driven both by altruism and status signaling. We use this setup to re-examine the conventional practice of rendering a...

Persistent link: https://www.econbiz.de/10012777729