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Philanthropy

In: Teaching Cultural Economics

Author

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  • Luigi Di Gaetano
  • Isidoro Mazza

Abstract

This chapter analyses the economic determinants of philanthropic behaviour. Altruism apparently contradicts the common tenet of self-interest. However, donations do not seem to emerge from ‘pure altruism’ only. It is necessary to identify the incentives to donate and to verify the extent of their consistency with the assumption of rational agents. Moreover, it is important to understand how public policies could affect such incentives. Philanthropy is a central issue in cultural economics because private support to the arts is becoming increasingly important for the existence and prosperity of cultural institutions.

Suggested Citation

  • Luigi Di Gaetano & Isidoro Mazza, 2020. "Philanthropy," Chapters, in: Trine Bille & Anna Mignosa & Ruth Towse (ed.), Teaching Cultural Economics, chapter 13, pages 91-98, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:18414_13
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    Keywords

    Economics and Finance; Teaching Methods;

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