{"59576":{"#nid":"59576","#data":{"type":"event","title":"School of Economics Seminar Series","body":[{"value":"\u003Cp\u003EGuest Speaker: Brian McManus, Washington University\n\u003C\/p\u003E\n\u003Cp\u003ETalk title: A Greater Price for a Greater Good? The Charity Premium in Online Auctions \u003Cstrong\u003E\u003C\/strong\u003E\n\u003C\/p\u003E\n\u003Cp\u003EWill consumers pay higher prices for products linked to charitable causes? This question is relevant both to the strategies of for-profit firms and to the fund-raising efforts of non-profit organizations. To answer the question, we analyze a novel data set that matches identical products sold on eBay via charity and non-charity auctions. Items sold through charity auctions have prices that are 6% higher, on average, than in non-charity auctions for matched products. The charity premium increases with the share of revenue donated and declines with the value of the item for sale. We develop a model of charity auction participation that is consistent with the observed positive charity premium that decreases with product value. We use data on bid timing to infer that the premium is due in part to bidders perceiving charity revenue as a public good. In charity auctions bidders submit their bids relatively early, and this induces other bidders to bid more aggressively.\n\u003C\/p\u003E\n\u003Cp\u003EThis lecture is free and open to the public.\n\u003C\/p\u003E\n\u003Cp\u003EPlease contact Ruth Uwaifo at 404-385-4992.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"Guest Speaker: Professor Brian McManus speaking on: A Greater Price for a Greater Good? The Charity Premium in Online Auctions","format":"limited_html"}],"field_summary_sentence":[{"value":"School of Economics Seminar Series"}],"uid":"27205","created_gmt":"2010-06-22 09:22:41","changed_gmt":"2016-10-08 01:46:05","author":"Kari White","boilerplate_text":"","field_publication":"","field_article_url":"","field_event_time":{"event_time_start":"2007-09-14T12:00:00-04:00","event_time_end":"2007-09-14T13:15:00-04:00","event_time_end_last":"2007-09-14T13:15:00-04:00","gmt_time_start":"2007-09-14 16:00:00","gmt_time_end":"2007-09-14 17:15:00","gmt_time_end_last":"2007-09-14 17:15:00","rrule":null,"timezone":"America\/New_York"},"extras":[],"groups":[{"id":"1282","name":"School of Economics"}],"categories":[],"keywords":[{"id":"186","name":"economic research"},{"id":"166896","name":"seminar"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[{"id":"1795","name":"Seminar\/Lecture\/Colloquium"}],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cstrong\u003ERuth Uwaifo\u003C\/strong\u003E\u003Cbr \/\u003EEconomics\u003Cbr \/\u003E\u003Ca href=\u0022mailto:ruth.uwaifo@econ.gatech.edu\u0022\u003EContact Ruth Uwaifo\u003C\/a\u003E\u003Cbr \/\u003E\u003Cstrong\u003E404-385-4992\u003C\/strong\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}