TY  - RPRT
        AU  - Carpenter, Jeffrey P.
        TI  - The Shape of Warm Glow: Field Experimental Evidence from a Fundraiser
        PY  - 2018/Aug/
        PB  - Institute of Labor Economics (IZA)
        CY  - Bonn
        T2  - IZA Discussion Paper
        IS  - 11760
        UR  - https://www.iza.org/publications/dp11760
        AB  - Theory commonly posits agents who care both for the level of provision of a public good and the extent to which they personally contribute to the cause. Simply put, agents feel some "warm glow" from the donations they make. I discuss a fundraiser devised to exogenously vary the incentive to give and identify the structural parameters of warm glow. Estimates suggest that for participants claiming warm glow as their primary motivation, its shape is increasing and concave. Nevertheless, welfare analysis suggests that warm glow is unlikely to be the only important factor in the decision to give.
        KW  - field experiment
KW  - fundraising
KW  - pari mutuel lottery
KW  - philanthropy
KW  - structural estimate
KW  - warm glow
KW  - altruism
KW  - public good
KW  - survey validation
        ER  -