Toward a Theory of Charitable Fund‐Raising
为慈善募捐中的募捐者和种子资金提供理论基础，假设公共物品在低供给水平存在递增回报，证明募捐者作用重要且少量种子资金可催生大型慈善。
Private providers of public goods, such as charities, invariably enlist fund‐raisers to organize and collect contributions. Common in charitable fund‐raising is seed money, either from a government grant or from a group of “leadership givers,” that launches the fund drive and generates additional gifts. This paper provides a theoretical basis for fund‐raisers and seeds to charity. The primary assumption is that there is a range of increasing returns at low levels of provision of the public good. It is shown that fund‐raisers have a natural and important role, and that sometimes only a small amount of seed money can grow into a substantial charity.