We propose a model of charity competition in which informed giving alone can explain quality heterogeneity across similar charities. It is this heterogeneity that also creates the demand for information. In equilibrium, too few donors pay to be informed; but interestingly, informed giving may...

While existing theory predicts that matching leadership gifts raise more voluntary contributions for public goods than seed money, recent experiments find otherwise. We reconcile the two by studying a model of leadership giving in a large economy with incomplete information about the quality of...