This research examines the effect of three factors—cheap talk, voting, and the status quo of the donation—on the voluntary contribution mechanism (VCM). Using undergraduate business students, results show that contributions as a percent of income in the last of ten rounds range from 18% for...

Recent papers show that in group decisions individuals have social preferences for efficiency and equity. However, the effect of social preferences on voting, the predominant funding mechanism for public goods, has not been thoroughly examined. This study investigates whether voting decisions...

Public referenda are frequently used to determine the provision of public goods. As public programs have distributional consequences, a compelling question is what role if any social preferences have on voting behavior. This paper explores this issue using laboratory experiments wherein voting...

In 1996 Johannesson et al. published a paper in this journal entitled “The Value of Private Safety versus the Value of Public Safety.” Based on preliminary evidence from a hypothetical contingent valuation study, these authors argue that consumers behave as “pure altruists” and reject...

The objective of this paper is to present a comprehensive, multi-regional trade model which includes all types of state trading enterprises (STEs) as well as other domestic and trade policies. The model is applied to measure the effects of STEs on the world wheat sector, where exports and...