Kennispunt Mecenaatstudies

dr. Arjen de Wit

Crowding-out or crowding-in: The dynamics of different revenue streams

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An important question in public economics is to what extent changes in government funding lead to changes in private donations. In this chapter we identify and summarize four theoretical perspectives answering this question: the micro-economic, institutional-political, institutional signaling, and organizational perspective. Reviewing the empirical support for each perspective, we find that none of the perspectives…

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