Abstract:
In this paper charity brings some joy of giving; it yields more contributions to public goods than standard "subscription", but its creation is costly. We compare the laissez-faire number of charities with both the second and the first-best level. In general, laissez-faire implies an underprovision of both charities and public goods.
Related works: Working Paper: The Optimal Number of Charities (2005) This item may be available elsewhere in EconPapers: Search for items with the same title.