Barla, Philippe; Pestieau, Pierre - In: L'Actualité Economique 85 (2009) 1, pp. 5-11
In this paper, we assume that contributing to a charitable organisation (CO) brings some “joy of giving” (or “warm glow”) only if the organisation’s ideological values are close to those of the donor. We also assume that creating a CO entails set-up costs. Thus more CO generates more...