Work

An economic approach to voluntary association

Year: 2008
Type: preprint
Abstract: We develop an economic model of association based on voluntary contributions. Different equilibria corresponding to the different modes of formation of associations are analyzed and the results are compared with existing empirical literature. The main contribution consists in formalizing the voluntary association as a means of providing collectiveconsumption goods or services. We introduce the concept of the subjective quality as a possible incentive for volunteering. The model stresses the importance of non-pecuniary rewards and of accepted differentiation for well-functioning of voluntary organizations.
Language: English
Open Access status: green
OpenAlex ID: W2139467378
Cites: 52
Cited by:
Related to: 10