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public good is pure, any given, positive level of income inequality can be shown to be socially excessive by suitably … redistribution from the rich to the poor will improve social welfare, regardless of how small inequality is in the status quo. …
Persistent link: https://www.econbiz.de/10010269097
absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …
Persistent link: https://www.econbiz.de/10010319089
absolute inequality in welfare achievement, while leaving the change in relative inequality ambiguous. Additionally …
Persistent link: https://www.econbiz.de/10005504401
We experimentally investigate cooperation in privileged groups which according to Olson (1965) are groups in which at least one member has an incentive to supply a positive amount of the public good. More specifically, we analyze group member heterogeneity with respect to two dimensions:...
Persistent link: https://www.econbiz.de/10009578217
end of a period serves as her endowment in the following period. In this setting growth and inequality arise endogenously …. Inequality and group income are positively correlated for poor groups, but negatively correlated for rich groups. There is very … strong path dependence: inequality in early periods is strongly negatively correlated with group income in later periods …
Persistent link: https://www.econbiz.de/10010409781
We experimentally investigate the effects of two different sources of heterogeneity – capability and valuation – on the provision of public goods when punishment is possible or not. We find that compared to homogeneous groups, asymmetric valuations for the public good have negative effects...
Persistent link: https://www.econbiz.de/10011190115
We experimentally investigate cooperation in privileged groups which according to Olson (1965) are groups in which at least one member has an incentive to supply a positive amount of the public good. More specifically, we analyze group member heterogeneity with respect to two dimensions:...
Persistent link: https://www.econbiz.de/10010562390
Using a threshold public good experiment, we examine how varying degrees of inequality in resources and differences in … greater risk than the rich, contributions and success in reaching the threshold decrease with increasing inequality in funds … of the rich are not averse to inequality. These results highlight the challenges confronting parties in real …
Persistent link: https://www.econbiz.de/10013326557
Why people participate in public good provision is one of the oldest questions in Economics. In the absence of enforcement mechanisms public goods would be under-provided. I develop a dynamic model of forward-looking agents in the presence of social pressure, which provides a potential...
Persistent link: https://www.econbiz.de/10012910192
We use a novel experimental design to examine the role of reputational concerns in explaining conditional cooperation in social dilemmas. By using the strategy method in a repeated sequential prisoners' dilemma in which the probabilistic end is known, we can distinguish between strategically and...
Persistent link: https://www.econbiz.de/10012714189