All Rights Reserved
AccessEcon LLC 2006, 2008.
Powered by MinhViet JSC
ralph lauren polo

 
Daniel A Brent and Nathan W Chan
 
''Local Public Goods and the Crowding-out Hypothesis: Evidence from Civic Crowdfunding''
( 2019, Vol. 39 No.3 )
 
 
We study civic crowdfunding campaigns, which leverage online platforms to raise funds for local public goods. We investigate ``crowding-out'' along two dimensions. We test whether an individual's contributions to a campaign are diminished by (1) the availability of another charitable cause and (2) contributions from other donors. We find strong robust evidence of a negative relationship between donating to a specific campaign and donating to the civic crowdfunding platform. Crowding out across charitable causes is most prevalent among donors who live far away from the crowdfunding campaign's location and among donors living in low-income neighborhoods. We find limited and inconclusive evidence of crowding-out across donors. The findings represent an initial empirical exploration of crowding out in civic crowdfunding.
 
 
Keywords: crowdfunding; charitable giving; crowding-out
JEL: H4 - Publicly Provided Goods: General
D1 - Household Behavior: General
 
Manuscript Received : Apr 12 2019 Manuscript Accepted : Sep 30 2019

  This abstract has been downloaded 138 times                The Full PDF of this paper has been downloaded 107892 times