Crowdfunding conservation (and other public goods)

Erik Ansink; Mark Koetse; Jetske Bouma; Dominic Hauck; Daan van Soest

doi:10.1086/718280

Crowdfunding conservation (and other public goods)

Erik Ansink^*
, Mark Koetse
, Jetske Bouma
, Dominic Hauck
, Daan van Soest

^*Corresponding author for this work

Research output: Contribution to Journal › Article › Academic › peer-review

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Abstract

Crowdfunding has become an increasingly popular means to fund the provision of public goods and especially of nature conservation projects. We implement a lab-in-the-field experiment by setting up a web-based user interface, very similar to actual crowdfunding platforms, to test whether coordination mechanisms, like seed money and decoy projects, can increase the effectiveness of crowdfunding campaigns if multiple public goods projects are eligible for funding. We find some of our treatments to affect coordination especially via early contributions, but not always in an intuitive way. Our results are confirmed in a follow-up experiment with actual nature conservation projects.

Original language	English
Pages (from-to)	565-602
Number of pages	38
Journal	Journal of the Association of Environmental and Resource Economists
Volume	9
Issue number	3
DOIs	https://doi.org/10.1086/718280
Publication status	Published - May 2022

Bibliographical note

Funding Information:
Erik Ansink is in the Department of Spatial Economics, Vrije Universiteit Amsterdam, and Tinbergen Institute ([email protected]). Mark Koetse is at the Institute for Environmental Studies, Vrije Universiteit Amsterdam. Jetske Bouma is at the PBL Netherlands Environmental Assessment Agency. Dominic Hauck is at the Institute for Environmental Studies, Vrije Universiteit Amsterdam. Daan van Soest is in the Department of Economics, TSC and CentER, Tilburg University. We thank Harold Houba, Jos van Ommeren, seminar participants at various conferences, and two anonymous reviewers for comments. We thank Natuurmonumenten and Kantar TNS for excellent support and advice. We are grateful to the Netherlands Environmental Assessment Agency for financial support. Ansink, Bouma, and Hauck acknowledge financial support from the Dutch Research Council (NWO; grant no. 841.12.002). Koetse and van Soest acknowledge funding from the European Commission 7th Framework Programme (grants no. 308393 and 613420, respectively). None of the authors have relevant material or financial interests that relate to the research described in this paper. Dataverse data: https://doi.org/10.7910/DVN/PB9DUS

Publisher Copyright:
© 2022 The Association of Environmental and Resource Economists. All rights reserved.

Funding

Funders	Funder number
Seventh Framework Programme
Netherlands Environmental Assessment Agency
NWO	841.12.002
Seventh Framework Programme	308393, 613420

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

SDG 15 Life on Land

Keywords

charitable giving
crowdfunding
lab-in-the-field experiment
nature conservation
threshold public goods

Access to Document

10.1086/718280

Crowdfunding conservation-and other public goodsFinal published version, 600 KBLicence: Article 25fa Dutch Copyright Act

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Cite this

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title = "Crowdfunding conservation (and other public goods)",

abstract = "Crowdfunding has become an increasingly popular means to fund the provision of public goods and especially of nature conservation projects. We implement a lab-in-the-field experiment by setting up a web-based user interface, very similar to actual crowdfunding platforms, to test whether coordination mechanisms, like seed money and decoy projects, can increase the effectiveness of crowdfunding campaigns if multiple public goods projects are eligible for funding. We find some of our treatments to affect coordination especially via early contributions, but not always in an intuitive way. Our results are confirmed in a follow-up experiment with actual nature conservation projects.",

keywords = "charitable giving, crowdfunding, lab-in-the-field experiment, nature conservation, threshold public goods",

author = "Erik Ansink and Mark Koetse and Jetske Bouma and Dominic Hauck and \{van Soest\}, Daan",

note = "Funding Information: Erik Ansink is in the Department of Spatial Economics, Vrije Universiteit Amsterdam, and Tinbergen Institute ([email protected]). Mark Koetse is at the Institute for Environmental Studies, Vrije Universiteit Amsterdam. Jetske Bouma is at the PBL Netherlands Environmental Assessment Agency. Dominic Hauck is at the Institute for Environmental Studies, Vrije Universiteit Amsterdam. Daan van Soest is in the Department of Economics, TSC and CentER, Tilburg University. We thank Harold Houba, Jos van Ommeren, seminar participants at various conferences, and two anonymous reviewers for comments. We thank Natuurmonumenten and Kantar TNS for excellent support and advice. We are grateful to the Netherlands Environmental Assessment Agency for financial support. Ansink, Bouma, and Hauck acknowledge financial support from the Dutch Research Council (NWO; grant no. 841.12.002). Koetse and van Soest acknowledge funding from the European Commission 7th Framework Programme (grants no. 308393 and 613420, respectively). None of the authors have relevant material or financial interests that relate to the research described in this paper. Dataverse data: https://doi.org/10.7910/DVN/PB9DUS Publisher Copyright: {\textcopyright} 2022 The Association of Environmental and Resource Economists. All rights reserved.",

year = "2022",

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doi = "10.1086/718280",

language = "English",

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N2 - Crowdfunding has become an increasingly popular means to fund the provision of public goods and especially of nature conservation projects. We implement a lab-in-the-field experiment by setting up a web-based user interface, very similar to actual crowdfunding platforms, to test whether coordination mechanisms, like seed money and decoy projects, can increase the effectiveness of crowdfunding campaigns if multiple public goods projects are eligible for funding. We find some of our treatments to affect coordination especially via early contributions, but not always in an intuitive way. Our results are confirmed in a follow-up experiment with actual nature conservation projects.

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Crowdfunding conservation (and other public goods)

Abstract

Bibliographical note

Funding

UN SDGs

Keywords

Access to Document

Persistent URL (handle)

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