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Pumpkin Pies and Public Goods: The Raffle Fundraising Strategy

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  • Duncan, Brian

Abstract

Charitable organizations, such as schools and churches, often use raffles to raise money. This article explores the economic incentives inherent in raffle fundraisers. Raffling off a prize is compared to simply asking for voluntary contributions (i.e., a raffle without a prize). Even if every contributor is risk-averse, offering a prize can increase contributions to a public good by more than the value of the prize. Thus, tying contributions to a raffle can increase the equilibrium supply of a public good. Moreover, there exists a raffle prize that maximizes the supply of public good over other prizes. Copyright 2002 by Kluwer Academic Publishers

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  • Duncan, Brian, 2002. "Pumpkin Pies and Public Goods: The Raffle Fundraising Strategy," Public Choice, Springer, vol. 111(1-2), pages 49-71, March.
  • Handle: RePEc:kap:pubcho:v:111:y:2002:i:1-2:p:49-71
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    Cited by:

    1. Gallier, Carlo & Reif, Christiane & Römer, Daniel, 2015. "Consistent or balanced? On the dynamics of voluntary contributions," ZEW Discussion Papers 14-060 [rev.], ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
    2. Joseph M. Little & Kristine M. Grimsrud & Patricia A. Champ & Robert P. Berrens, 2006. "Investigation of Stated and Revealed Preferences for an Elk Hunting Raffle," Land Economics, University of Wisconsin Press, vol. 82(4), pages 623-640.
    3. Murat C. Mungan & Bariş K. Yörük, 2012. "Fundraising and Optimal Policy Rules," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 14(4), pages 625-652, August.
    4. Matros, Alexander, 2012. "Sad-Loser contests," Journal of Mathematical Economics, Elsevier, vol. 48(3), pages 155-162.
    5. Barış Yörük, 2012. "Do fundraisers select charitable donors based on gender and race? Evidence from survey data," Journal of Population Economics, Springer;European Society for Population Economics, vol. 25(1), pages 219-243, January.
    6. Antonio Cabrales & Haydée Lugo, 2016. "A public good model with lotteries in large groups," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 23(2), pages 218-233, April.
    7. Jörg Franke & Wolfgang Leininger, 2013. "On the Efficient Provision of Public Goods by Means of Lotteries," CESifo Working Paper Series 4109, CESifo Group Munich.
    8. Franke, Jörg & Leininger, Wolfgang, 2014. "On the efficient provision of public goods by means of biased lotteries: The two player case," Economics Letters, Elsevier, vol. 125(3), pages 436-439.
    9. Yörük, BarIs K., 2009. "How responsive are charitable donors to requests to give?," Journal of Public Economics, Elsevier, vol. 93(9-10), pages 1111-1117, October.
    10. Gallier, Carlo & Reif, Christiane & Römer, Daniel, 2014. "Consistent or balanced? On the dynamics of voluntary contributions," ZEW Discussion Papers 14-060, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.

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