Bracha, Anat; Menietti, Michael; Vesterlund, Lise - In: Journal of Public Economics 95 (2011) 5, pp. 416-427
(1998) argues that such a fundraising strategy may be particularly effective when funds are being raised for projects that … strength of the theory we examine the effect of announcements in both the presence and absence of fixed costs. Our findings are … supportive of the theory for sufficiently high fixed costs. …