Economics of Philanthropy—Evidence from Health Crowdfunding
48 Pages Posted: 30 Apr 2018
Date Written: April 27, 2018
This paper is the first comprehensive empirical study on the economics of health crowdfunding (HCF) campaigns. We examine donor characteristics, in particular whether they make purely altruistic contributions, or whether they follow certain preference patterns. Our data highlights that, on average, campaign funding goals are achieved more rapidly if the patient is a baby girl, and if campaign descriptions are more comprehensive but less technical (easier to read). Furthermore, campaigns begun around holidays are funded more quickly. We document strong and economically significantly negative donor-to-donor peer effects, whereby contributions by donors with public profiles are crowded out by the previous contributions of their peers.
Keywords: Altruism, Charity, Crowdfunding, Developing Countries, Fundraising, Health Care, Medicine, Philanthropy, Voluntary Contributions
JEL Classification: G21, I15, R30
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