It is Hobbes, not Rousseau: an experiment on voting and redistribution
AbstractWe perform an experiment which provides a laboratory replica of some important features of the welfare state. In the experiment, all individuals in a group decide whether to make a costly effort, which produces a random (independent) outcome for each one of them. The group members then vote on whether to redistribute the resulting and commonly known total sum of earnings equally amongst themselves. This game has two equilibria, if played once. In one of them, all players make effort and there is little redistribution. In the other one, there is no effort and nothing
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Bibliographic InfoArticle provided by Springer in its journal Experimental Economics.
Volume (Year): 15 (2012)
Issue (Month): 2 (June)
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Web page: http://www.springerlink.com/link.asp?id=102888
Redistribution; Political equilibrium; Voting; Multiple equilibria; Experiments; C72; C92; D72; E24; H24; I31; O38;
Other versions of this item:
- Cabrales, Antonio & Nagel, Rosemarie & Rodríguez Mora, José V., 2011. "It is Hobbes, not Rousseau: an experiment on voting and redistribution," Open Access publications from Universidad Carlos III de Madrid info:hdl:10016/12890, Universidad Carlos III de Madrid.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C92 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Group Behavior
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- E24 - Macroeconomics and Monetary Economics - - Macroeconomics: Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution
- H24 - Public Economics - - Taxation, Subsidies, and Revenue - - - Personal Income and Other Nonbusiness Taxes and Subsidies
- I31 - Health, Education, and Welfare - - Welfare and Poverty - - - General Welfare
- O - Economic Development, Technological Change, and Growth
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