Showing 1 - 10 of 177
This paper compares two methods to encourage socially optimal provision of a public good. We compare the efficacy of vigilante justice, as represented by peer-to-peer punishment, to delegated policing, as represented by the "hired gun" mechanism, to deter free riding and improve group welfare....
Persistent link: https://www.econbiz.de/10012461626
Research has repeatedly shown that altruism is lower in diverse communities. Can this phenomenon be counteracted by … altruism, are in this instance the most amenable to government intervention …
Persistent link: https://www.econbiz.de/10012465304
Smoking is an expensive habit. Smoking households spend, on average, more than $1000 annually on cigarettes. For households in which some members smoke, smoking expenditures crowd-out other purchases, which may affect other household members, as well as the smoker. We empirically analyze how...
Persistent link: https://www.econbiz.de/10012467714
Crowdsourcing - a collaborative form of content production based on the contributions of large groups of individuals - has proliferated in the past decade. Due to this growth, recent research has focused on understanding the factors that affect its sustainability. Prior studies have highlighted...
Persistent link: https://www.econbiz.de/10012453759
I consider the effect of caring, empathy, altruism or positive reciprocity towards others - which I collectively call … the public good converges to the efficient level. An increase in caring, empathy, altruism or positive reciprocity, an … efficiently is attributable to lack of empathy/altruism/positive reciprocity as well as to the free rider problem …
Persistent link: https://www.econbiz.de/10013191062
Optimal policy rules--including those regarding income taxation, commodity taxation, public goods, and externalities--are typically derived in models with homogeneous preferences. This article reconsiders many central results for the case in which preferences for commodities, public goods, and...
Persistent link: https://www.econbiz.de/10012464477
Achieving efficiency for many global environmental problems requires voluntary cooperation among sovereign countries due to the public good nature of pollution abatement. The theory of international environmental agreements (IEAs) in economics seeks to understand how cooperation among countries...
Persistent link: https://www.econbiz.de/10012458462
Why cooperation occurs when noncooperation appears to be individually rational has been an issue in economics for at least a half century. In the 1960's and 1970's the context was cooperation in the prisoner's dilemma game; in the 1980's concern shifted to voluntary provision of public goods; in...
Persistent link: https://www.econbiz.de/10012461641
Despite the low levels of taxation and public good provision in Africa, I provide evidence that a large proportion of Africans prefer lower taxation and fewer public goods. This cannot be explained by standard arguments about problems of accountability, governance or state capacity. Instead I...
Persistent link: https://www.econbiz.de/10013191019
. Weisbrod (1981), 'Benefit-Cost Analysis of a Controlled Experiment: Treating the Mentally Ill', Journal of Human Resources, XVI …
Persistent link: https://www.econbiz.de/10011852147