Economics of Philanthropy—Evidence from Health Crowdfunding

48 Pages Posted: 30 Apr 2018

See all articles by Juliane Proelss

Juliane Proelss

Concordia University, Quebec; Trier University of Applied Sciences

Denis Schweizer

Concordia University

Tingyu Zhou

Florida State University

Date Written: April 27, 2018

Abstract

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

Suggested Citation

Proelss, Juliane and Schweizer, Denis and Zhou, Tingyu, Economics of Philanthropy—Evidence from Health Crowdfunding (April 27, 2018). Available at SSRN: https://ssrn.com/abstract=3169823 or http://dx.doi.org/10.2139/ssrn.3169823

Juliane Proelss

Concordia University, Quebec ( email )

1455 de Maisonneuve Blvd. W.
Montreal, Quebec H3G 1MB
Canada

Trier University of Applied Sciences ( email )

Scheidershof
Trier, 54293
Germany

Denis Schweizer (Contact Author)

Concordia University ( email )

1455 de Maisonneuve Blvd. W.
Montreal, Quebec H3G 1M8
Canada
+1 (514) 848-2424 ext. 2926 (Phone)
+1 (514) 848-4500 (Fax)

HOME PAGE: http://www.concordia.ca/jmsb/faculty/denis-schweizer.html

Tingyu Zhou

Florida State University ( email )

821 Academic Way
Tallahassee, FL 32306
United States

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