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Autor:innen: 
Erscheinungsjahr: 
2018
Schriftenreihe/Nr.: 
IZA Discussion Papers No. 11760
Verlag: 
Institute of Labor Economics (IZA), Bonn
Zusammenfassung: 
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.
Schlagwörter: 
public good
altruism
warm glow
structural estimate
philanthropy
pari mutuel lottery
fundraising
field experiment
survey validation
JEL: 
H41
D03
D64
C93
Dokumentart: 
Working Paper

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