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Under common law, the standard remedy for breach of contract is expectation damages. Under continental law, the standard is specific performance. The common law solution is ex post efficient. But is it also ex ante efficient? We use experimental methods to test whether knowing that...
Persistent link: https://www.econbiz.de/10011715408
It is common for charitable organizations to allow donors to place material restrictions on their gifts. Nonprofits and … fundraisers generally believe that allowing gift restrictions will increase donation revenue. Restricted gifts are costly to the … nonprofit because of increased management expenses and an inability to reallocate gifts to higher valued uses. We report the …
Persistent link: https://www.econbiz.de/10013114580
that option. This result implies that restricted gifts are both an important tool for increasing donations and may be less …
Persistent link: https://www.econbiz.de/10013008067
There is now an extensive literature on "gift exchange" showing that when principals and agents can trade "gifts …" (rewards that should not emerge in a competitive equilibrium), exchange becomes more efficient. However, it is not obvious how … gift exchange should be organized if the principal's goal is to increase the performance of a reciprocal agent …
Persistent link: https://www.econbiz.de/10011647476
to gift taxation, we estimate Frisch elasticities of gifts to the net-of-tax rate between 9, for those giving around €27 …
Persistent link: https://www.econbiz.de/10013331880
Tax-exempt charitable organizations exert considerable influence over Congress, the Department of the Treasury, and the Internal Revenue Service in matters dealing with exemption from federal income tax and the tax deductibility of charitable contributions. This Article uses both public choice...
Persistent link: https://www.econbiz.de/10014059381
This paper tests motivational crowding out in the domain of charitable giving. A novelty is that our experiment isolates alternative explanations for the decline of giving such as strategic considerations of decision makers. Moreover, preference elicitation allows us to focus on the reaction of...
Persistent link: https://www.econbiz.de/10012926525
This paper tests motivational crowding out in the domain of charitable giving. A novelty is that our experiment isolates alternative explanations for the decline of giving such as strategic considerations of decision makers. Moreover, preference elicitation allows us to focus on the reaction of...
Persistent link: https://www.econbiz.de/10011796772
towards a different project. Treatments with unconditional lead gifts serve as controls. Similar to findings from the previous …
Persistent link: https://www.econbiz.de/10011280712