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We conduct a laboratory experiment to study how demand for redistribution of income depends on self-interest, insurance motives, and social concerns relating to inequality and efficiency. Our choice environments feature large groups of subjects and real-world framing, and differ with respect to...
Persistent link: https://www.econbiz.de/10011035483
We devise a new experimental game by nesting a voluntary contributions mechanism in a broader spectrum of incentive schemes. With it, we study tensions between egalitarianism, equity concerns, self-interest, and the need for incentives. In a 2x2 design, subjects either vote on or exogenously...
Persistent link: https://www.econbiz.de/10011159141
Economists believe that a problem of team production results from the desirability of production in (sometimes large) groups, the difficulty of rewarding individual group members based on their (difficult or impossible to measure) individual contributions, and the presumed interest of each...
Persistent link: https://www.econbiz.de/10005520897
Persistent link: https://www.econbiz.de/10005279502
We let subjects in a voluntary contribution experiment make non-binding numerical announcements about their "possible" contributions and, in some treatments, send written promises to contribute specific amounts. We find that announcements were responded to both by others' announcements and by...
Persistent link: https://www.econbiz.de/10005224898
Persistent link: https://www.econbiz.de/10005226199
Early states like China and India have been experiencing more rapid economic growth in recent decades. We show that more rapid growth by early starters has been the norm in economic history, and that the "reversal of fortune" associated with the European overseas expansion was both exceptional...
Persistent link: https://www.econbiz.de/10005226389
This paper surveys the evidence, theoretical and empirical, relating to the possibility of achieving more egalitarian distributions of income than are typical in modern societies. The first four parts of the paper (Introduction, Improving efficiency an equality, The ownership of firms, and...
Persistent link: https://www.econbiz.de/10005478616
Early states like China, India, Italy and Greece have been experiencing more rapid economic growth in recent decades than have later-comers to agriculture and statehood like New Guinea, the Congo, and Uruguay. We show that more rapid growth by early starters has been the norm in economic...
Persistent link: https://www.econbiz.de/10005118750
We conduct dictator game experiments in which women and men are allowed to split $10 with a completely unknown person or a person of known gender. Subjects also complete personal background surveys, personality tests, and a cognitive test. We find that (a) gender information significantly...
Persistent link: https://www.econbiz.de/10005120730