Voluntary contributions “vote out” public ones

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• dc.contributor.author Calveras, Aleix
• dc.contributor.author Ganuza, Juan-José
• dc.contributor.author Llobet, Gerard
• dc.date.accessioned 2020-06-17T08:26:57Z
• dc.date.available 2020-06-17T08:26:57Z
• dc.date.issued 2011
• dc.description.abstract Many public goods are supported with both private and public funding. It is often argued that public funding, based on taxes, crowds out private philanthropic contributions. Agents respond to increases in taxes by decreasing their donations. The tax level, however, is not exogenous and it depends on the political equilibrium arising from agents’ voting decisions. In this paper we analyze a variety of motivations for voluntary donations and show that when philanthropic preferences become more prevalent in the society, the equilibrium tax level will tend to be lower and, more surprisingly, the stock of the public good may decrease.en
• dc.description.sponsorship Financial support from the Spanish Ministry of Science and Technology is gratefully acknowledged through the project ECO2010-21393-C04-02 and SEJ2006-09993 for the first and second author, respectively, and the Consolider-Ingenio 2010 Project “Consolidating Economics” for the last two authors.
• dc.format.mimetype application/pdf
• dc.identifier.citation Calveras A, Ganuza JJ, Llobet G. Voluntary contributions “vote out” public ones. Series. 2011 Mar 2;2:283-303. DOI: 10.1007/s13209-011-0045-8
• dc.identifier.doi http://dx.doi.org/10.1007/s13209-011-0045-8
• dc.identifier.issn 1869-4187
• dc.identifier.uri http://hdl.handle.net/10230/45001
• dc.language.iso eng
• dc.publisher Springer
• dc.relation.ispartof Series. 2011 Mar 2;2:283-303
• dc.relation.projectID info:eu-repo/grantAgreement/ES/3PN/ECO2010-21393-C04-02
• dc.relation.projectID info:eu-repo/grantAgreement/ES/2PN/SEJ2006-09993
• dc.rights © The Author(s) 2011. This article is published with open access at SpringerLink.com
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri https://creativecommons.org/licenses/by/2.0/
• dc.subject.keyword Externalitiesen
• dc.subject.keyword Philanthropyen
• dc.subject.keyword Votingen
• dc.subject.keyword Warm-glow givingen
• dc.subject.keyword Prosocial behavioren
• dc.title Voluntary contributions “vote out” public onesen
• dc.type info:eu-repo/semantics/article
• dc.type.version info:eu-repo/semantics/publishedVersion