Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/185220
Authors: 
Carpenter, Jeffrey P.
Year of Publication: 
2018
Series/Report no.: 
IZA Discussion Papers 11760
Abstract: 
Theory commonly posits agents who care both for the level of provision of a public good and the extent to which they personally contribute to the cause. Simply put, agents feel some "warm glow" from the donations they make. I discuss a fundraiser devised to exogenously vary the incentive to give and identify the structural parameters of warm glow. Estimates suggest that for participants claiming warm glow as their primary motivation, its shape is increasing and concave. Nevertheless, welfare analysis suggests that warm glow is unlikely to be the only important factor in the decision to give.
Subjects: 
public good
altruism
warm glow
structural estimate
philanthropy
pari mutuel lottery
fundraising
field experiment
survey validation
JEL: 
H41
D03
D64
C93
Document Type: 
Working Paper

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