(Tuesday, 1st June 2010)
We will explore the topic of charitable giving and analyze fund-raising mechanisms for the private provision of public goods. We will examine institutions that have emerged, and mechanisms that have been devised, in order to overcome the free-riding problem. We will analyze the performance of different types of mechanisms in laboratory and field experiments, with particular emphasis on prize-based mechanisms.
Bibliographical references :
John Morgan, Martin Sefton (2000) “Funding Public Goods with Lotteries: Experimental Evidence”, Review of Economic Studies, 67-4, 785-810.
Working paper version : http://faculty.haas.berkeley.edu/rjmorgan/lotexp.pdf
Luca Corazzini, Marco Faravelli, Luca Stanca (forthcoming) “A Prize to Give for: An Experiment on Public Good Funding Mechanisms”, Economic Journal.
Working paper version : http://www.st-andrews.ac.uk/~mf60/Funding-Mechanisms-Experiment.pdf