Voluntary Contributions to Property Rights
AbstractThis paper reports the results of an experimental test of the Nash equilibrium prediction of voluntary provision of property rights in a contest under anarchy. Speci cally, the experiment investigates whether pre-commitment induces positive provision of property rights. As pre- dicted, zero contributions to property rights are observed without pre- commitment. Positive voluntary contributions are observed with pre- commitment, but are less than predicted. Nonetheless, as predicted, stronger property rights with pre-commitment results in less con ict and more production. The experiment also tests predictions for group- size e ects. While average contributions to property rights are un- a ected by group-size, mean con ict increases and mean production decreases with larger groups. Key Words: Property Rights; Con ict; Public Goods; Experiments
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Bibliographic InfoPaper provided by Department of Economics, Appalachian State University in its series Working Papers with number 13-14.
Date of creation: 2013
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Find related papers by JEL classification:
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C91 - Mathematical and Quantitative Methods - - Design of Experiments - - - Laboratory, Individual Behavior
- F35 - International Economics - - International Finance - - - Foreign Aid
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
- O43 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
- P48 - Economic Systems - - Other Economic Systems - - - Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-08-16 (All new papers)
- NEP-CBE-2013-08-16 (Cognitive & Behavioural Economics)
- NEP-CDM-2013-08-16 (Collective Decision-Making)
- NEP-EXP-2013-08-16 (Experimental Economics)
- NEP-SPO-2013-08-16 (Sports & Economics)
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