A common paradox for charities is the generous in-kind donation. Donations of goods and services are welcomed because of their inherent value but even the most sophisticated organizations find themselves ill-equipped to choose the most lucrative ways to translate these donations into cash. Without much guidance raffles are commonly chosen; however, auctions are becoming more popular. So far, th...

Little progress has been made toward understanding the relative performance of the two mechanisms most widely used for fundraising: the Voluntary Contribution (VCM) and Provision Point (PPM) mechanisms. This paper provides direct comparisons of the relative performance of variants of the VCM and PPM as they are most commonly implemented in the field. The research makes use of 1296 individual ob...

Most contingent valuation studies in the literature utilized a pre-determined geographic market area for their sample frame. In other words, they did not include variables that would measure the extent of the geographic areas over which to aggregate willingness to pay. These studies implicitly assumed that the effects of geographic distance were moot; an assumption that could have led to an und...

There are M excludable and indivisible public goods, labeled by j ∈ J = {1, ...,M} and n agents, indexed by i ∈ I = {1, ..., n}. The cost of providing good j, denoted Cj (n), is independent of which of the other goods are provided. Notice that Cj (n) depends on n, the number of agents in the economy, and not on the number of users. This assumption captures the fully non-rival nature of the publ...

2. Offer Patient Discounts Only to Self-Pay Patients Discounts, such as prompt-pay and cash-up-front discounts, should not be given to insured patients in Wisconsin. Interestingly, the federal AKS allows legitimate discounts reflecting actual savings to the provider.5 However, such discounts would be considered a reduction or elimination of cost-sharing amounts, which are prohibited by Wis. Sta...

We study two provisional fixed-prize mechanisms for funding public goods: an all-pay auction and a lottery. In our setting, the public good is provided only if the participants’ contributions are greater than the fixed-prize value; otherwise contributions are refunded. We prove that in this provisional fixed prize setting, lotteries can outperform all-pay auctions in terms of expected public go...

public authorities should assess what recreational services can be offered citizens visitingaprotected natural area. therefore, the characterisation of visitors as well as the economic valuation of apark’srecreational use would allow the proposal of management strategies to satisfy visitors. for this purpose,410 surveys were taken of visitors to the calaresdelmundoandsimanatural park (spain). t...