Using information markets in grantmaking. An assessment of the issues involved and an application to Italian banking foundations

Edoardo Gaffeo

No 2013/08, DEM Discussion Papers from Department of Economics and Management

Abstract: The likelihood of success of grantmaking on large scale projects depends in general on pieces of information widely dispersed and privately held by recipients, public agencies, nongovernmental organizations and other interested parties. In this paper we discuss how philanthropists could e§ectively make use of suitably designed information markets to help them gathering dispersed knowledge and beliefs on the potential for social impact of innovative projects on the one hand, and in supporting the deliberation process regarding the allocation of grants on the other one.

Keywords: Philanthropy; Grantmaking deliberative process; Information markets; Italian banking foundations (search for similar items in EconPapers)
JEL-codes: C53 D64 D80 (search for similar items in EconPapers)
Date: 2013
New Economics Papers: this item is included in nep-ppm
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