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We examine the role of cooperative preferences, beliefs, and punishments to uncover potential cross-societal differences in voluntary cooperation. Using one-shot public goods experiments in four comparable subject pools from the US and the UK (two similar Western societies) and Morocco and...
Persistent link: https://www.econbiz.de/10014335871
Traditionally economic theory assumes that preferences are stable facilitating positive predictions of economic policy. While there is conflicting experimental evidence on the temporal stability of cooperation preferences in public goods provision, surprisingly little is known about their...
Persistent link: https://www.econbiz.de/10009680744
We reconsider the conventional wisdom that, in the presence of public goods and distortionary taxation, Nash tax rates are inefficiently low due to free riding. We use a model in which the public good is natural resources. Specifically, a general equilibrium model of a world economy, in which...
Persistent link: https://www.econbiz.de/10013321128
It is shown that altruism does not affect the equilibrium provision of public goods although altruism takes the form of unconditional commitment to contribute. The reason is that altruistic contributions completely crowd out selfish voluntary contributions. That is, egoists free ride on...
Persistent link: https://www.econbiz.de/10014127475
The promise of punishment and reward in promoting public cooperation is debatable. While punishment is traditionally considered more successful than reward, the fact that the cost of punishment frequently fails to offset gains from enhanced cooperation has lead some to reconsider reward as the...
Persistent link: https://www.econbiz.de/10014189738
We present a classroom public goods experiment based on a provision point mechanism, where subjects must make an all or nothing decision about providing the public good. We find that, as a teaching tool, this design is superior to traditional prisoners' dilemma games in which there exists a...
Persistent link: https://www.econbiz.de/10014088510
An effective way to foster cooperation is to monitor behaviour and sanction freeriding. Yet, previous studies have shown that cooperation quickly declines when sanctioning mechanisms are removed. We test if explicitly expressing trust in players' capability to maintain cooperation after the...
Persistent link: https://www.econbiz.de/10014578312
Persistent link: https://www.econbiz.de/10012821073
Persistent link: https://www.econbiz.de/10008747035
Expositions of the theory of public finance mostly wrongly assume that taxation is necessary to finance public goods. Taxation isn't necessary to finance public goods because free riding is an institutional artifact of the analytical dichotomy between public and private goods, which prevents...
Persistent link: https://www.econbiz.de/10013085687