Information, Competition, and the Quality of Charities∗

نویسندگان

  • Silvana Krasteva
  • Huseyin Yildirim
چکیده

We study a model of charity competition in which informed giving alone can explain quality heterogeneity across similar charities. It is this heterogeneity that also creates the demand for information. In equilibrium, too few donors pay to be informed; but interestingly, informed giving may increase with the cost of information. This is true if the charitable market is highly competitive or if giving is a relatively strong substitute to private consumption.

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تاریخ انتشار 2015