Impure Impact Giving: Theory and Evidence
成果类型：
Article
署名作者：
Hungerman, Daniel M.; Ottoni-Wilhelm, Mark
署名单位：
University of Notre Dame; National Bureau of Economic Research; Purdue University System; Purdue University; Purdue University in Indianapolis
刊物名称：
JOURNAL OF POLITICAL ECONOMY
ISSN/ISSBN：
0022-3808
DOI：
10.1086/713190
发表日期：
2021
页码：
1553-1614
关键词：
摘要：
We present a new model of charitable giving where individuals regard out-of-pocket donations and the matches they induce as different. We show that match-price elasticities combine conventional price effects with the strength of warm glow, so that a match-price elasticity alone is insufficient to characterize preferences for giving. Match- and rebate-price elasticities will be different, but together they lead to new tests of underlying giving preferences. We estimate, for the first time, a match-price elasticity in a high-stakes setting together with a rebate elasticity induced by tax policy. The estimates reject extant models of giving but are consistent with the new theory.