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We define and experimentally test a public provision mechanism that meets three basic ethical requirements and allows community members to influence, via monetary bids, which of several projects is implemented. For each project, participants are assigned personal values, which can be positive or...
Persistent link: https://www.econbiz.de/10010540349
We experimentally manipulate the efficiency of trust and reciprocity in a modified Investment Game. The aim of our manipulation is to test whether reciprocity is mainly affected by payoff consequences of trust or by intentions underlying it. We find that intentions matter and that consequences...
Persistent link: https://www.econbiz.de/10010686087
projects have demonstrated that the mechanism is efficiency enhancing. Our experiment tests whether the mechanism re- mains …
Persistent link: https://www.econbiz.de/10010658715