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Value Orientations, Income and Displacement Effects, and Voluntary Contributions

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Author Info
Neil Buckley
Kenneth S. Chan
James Chowhan
Stuart Mestelman
Mohamed Shehata

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Abstract

Identifying the value orientations of subjects participating in market or non-market decisions by having them participate in decomposed games may be helpful in understanding the behaviour of these subjects. This experiment presents the results of changes in the centre and the radius of a value orientations ring in an attempt to discover if the value orientations resulting from a ring game exhibit income or displacement effects. Two sets of subjects, 113 from the first and 96 from the second participated in the first two treatments and 72 from the second set of subjects participated in the third and fourth treatments. While the resulting distributions of value orientations are significantly different across the two sets of subjects when the treatments are common, neither significant income effects nor displacement effects are identified. However, an external validity check with a voluntary contribution game provides evidence of a displacement effect. Value orientations from rings centred around the origin of the decision-space explain significant portions of voluntary contributions while value orientations from displaced rings do not.

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File URL: http://socserv2.mcmaster.ca/~econ/rsrch/papers/archive/2000-03.pdf
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Paper provided by McMaster University in its series Department of Economics Working Papers with number 2000-03.

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Length: 39 pages
Date of creation: Mar 2000
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Handle: RePEc:mcm:deptwp:2000-03

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  1. Offerman, Theo & Sonnemans, Joep & Schram, Arthur, 1996. "Value Orientations, Expectations and Voluntary Contributions in Public Goods," Economic Journal, Royal Economic Society, vol. 106(437), pages 817-45, July. [Downloadable!] (restricted)
  2. Buckley, Neil & Mestelman, Stuart & Shehata, Mohamed, 2003. "Subsidizing public inputs," Journal of Public Economics, Elsevier, vol. 87(3-4), pages 819-846, March. [Downloadable!] (restricted)
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  1. Jeffrey Carpenter, 2002. "Endogenouse Social Preferences," Middlebury College Working Paper Series 0209, Middlebury College, Department of Economics. [Downloadable!]
  2. Kenneth S. Chan & Robert Godby & Stuart Mestelman & R. Andrew Muller, 1998. "Crowding Out Voluntary Contributions to Public Goods," McMaster Experimental Economics Laboratory Publications 1998-01, McMaster University. [Downloadable!]
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  3. John Spraggon, 2002. "Individual Decision Making in Exogenous Targeting Instrument Experiments," McMaster Experimental Economics Laboratory Publications 2002-01, McMaster University. [Downloadable!]
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