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The paper analyzes econometric models of altruistic giving in dictator and public goods games. Using existing data sets, I evaluate internal and external validity of "atheoretic" regression models as well as structural models of random behavior, random coefficients, and random utility,...
Persistent link: https://www.econbiz.de/10008611580
The current British Government's "Big Society" plan is based on the idea that granting more freedom to local communities and volunteers will compensate for a withdrawal of public agencies and spending. This idea is grounded on a widely held belief about the relationship between government and...
Persistent link: https://www.econbiz.de/10008873546
A central question in the study of altruism has been whether there is a systematic gender difference in giving behavior …
Persistent link: https://www.econbiz.de/10008587466
study the impact of non-deterrent formal sanctions on voluntary contributions to a public good in a laboratory experiment …
Persistent link: https://www.econbiz.de/10011107459
Unequally-distributed resources, whether people’s income or competence, are ubiquitous in our real world. Whether to promote competition or to lead to a more equal environment is often in question in societies or organizations. With heterogeneous endowments, we let subjects collectively choose...
Persistent link: https://www.econbiz.de/10011113335
A rich body of literature has proposed that pairs behave significantly differently from individuals due to a number of reasons such as group polarization. This paper experimentally compares cooperation behaviors between pairs and individuals in a finitely-repeated two-player public goods game...
Persistent link: https://www.econbiz.de/10011191512
Standard macroeconomic theory did not help foresee the crisis, nor has it helped understand it or craft solutions. This columns argues that both the New Classical and New Keynesian complete markets macroeconomic theories not only did not allow the key questions about insolvency and illiquidity...
Persistent link: https://www.econbiz.de/10011111291
This study investigates whether federal government budget deficits in the U.S. over the 1990-99 time period acted to crowd out private investment in new plant and equipment. Using quarterly data, empirical estimations clearly indicate that private investment was in fact negatively impacted by...
Persistent link: https://www.econbiz.de/10011107318
This study empirically finds, using ECM, that the primary federal budget deficit shares a bi-directional relationship with the ex ante real interest rate yield on long term municipal bonds. That is, the primary budget deficit acts to raise the real municipal bond yield whereas that yield also...
Persistent link: https://www.econbiz.de/10011107421
This note has addressed the empirical issue of crowding out by examining the proportion of GDP devoted to private investment in new physical capital in part as a function of the proportion of GDP devoted to federal government outlays. Three alternative models were estimated, all of which...
Persistent link: https://www.econbiz.de/10011111208