IDEAS home Printed from https://ideas.repec.org/p/gra/wpaper/10-20.html
   My bibliography  Save this paper

Accounting for real wealth in heterogeneous-endowment public good games

Author

Listed:
  • Nikolaos Georgantzís

    (GLOBE & Department of Economics, University of Granada)

  • Antonios Proestakis

    (GLOBE & Department of Economics, University of Granada)

Abstract

Wealth heterogeneity infuences people's behavior in several socioeconomic environments, especially when groups consisting of "unequal" members have to take a collective action which affects all members equally or proportionally. After eliciting real out-of-lab wealth, we form 4-player groups playing an one-shot public good game with heterogeneous laboratory endowments. Endowing subjects according or against their real wealth gives rise to a series of interesting results. Endowment heterogeneity, lack of real relative wealth information and being "rich" both inside and outside the lab raise contributions. Finally, when eliciting subjects' beliefs, we find out that only relatively "poor" subjects expect others to contribute more than what they actually are prepared to do theirselves.

Suggested Citation

  • Nikolaos Georgantzís & Antonios Proestakis, 2011. "Accounting for real wealth in heterogeneous-endowment public good games," ThE Papers 10/20, Department of Economic Theory and Economic History of the University of Granada..
    • Handle: RePEc:gra:wpaper:10/20
    as

    Download full text from publisher

    File URL: http://www.ugr.es/~teoriahe/RePEc/gra/wpaper/thepapers10_20.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Nyborg, Karine, 2000. "Homo Economicus and Homo Politicus: interpretation and aggregation of environmental values," Journal of Economic Behavior & Organization, Elsevier, vol. 42(3), pages 305-322, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kesternich, Martin & Lange, Andreas & Sturm, Bodo, 2014. "The impact of burden sharing rules on the voluntary provision of public goods," Journal of Economic Behavior & Organization, Elsevier, vol. 105(C), pages 107-123.
    2. Martin Kesternich & Andreas Lange & Bodo Sturm, 2018. "On the performance of rule-based contribution schemes under endowment heterogeneity," Experimental Economics, Springer;Economic Science Association, vol. 21(1), pages 180-204, March.
    3. Annarita COLASANTE & Alberto RUSSO, 2014. "The Impact of Inequality on Cooperation: An Experimental Study," Working Papers 401, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali.
    4. Agathe Rouaix & Charles Figuières & Marc Willinger, 2015. "The trade-off between welfare and equality in a public good experiment," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 45(3), pages 601-623, October.
    5. Peter Martinsson & Clara Villegas-Palacio & Conny Wollbrant, 2015. "Cooperation and social classes: evidence from Colombia," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 45(4), pages 829-848, December.
    6. Lindokuhle Njozela & Justine Burns & Arnim Langer, 2018. "The Effects of Social Exclusion and Group Heterogeneity on the Provision of Public Goods," Games, MDPI, vol. 9(3), pages 1-21, August.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Frings, Oliver & Abildtrup, Jens & Montagné-Huck, Claire & Gorel, Salomé & Stenger, Anne, 2023. "Do individual PES buyers care about additionality and free-riding? A choice experiment," Ecological Economics, Elsevier, vol. 213(C).
    2. Eliasson, Jonas, 2016. "Is congestion pricing fair? Consumer and citizen perspectives on equity effects," Transport Policy, Elsevier, vol. 52(C), pages 1-15.
    3. Mateus Joffily & David Masclet & Charles N Noussair & Marie Claire Villeval, 2014. "Emotions, Sanctions, and Cooperation," Southern Economic Journal, John Wiley & Sons, vol. 80(4), pages 1002-1027, April.
    4. Lorenzo Cerda Planas, 2014. "Moving to Greener Societies: Moral Motivation and Green Behaviour," Post-Print halshs-01018651, HAL.
    5. Lorenzo Cerda Planas, 2014. "Moving to Greener Societies: Moral Motivation and Green Behaviour," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-01018651, HAL.
    6. van der Pol, Thomas & Weikard, Hans-Peter & van Ierland, Ekko, 2012. "Can altruism stabilise international climate agreements?," Ecological Economics, Elsevier, vol. 81(C), pages 112-120.
    7. Heinzel, Christoph & Winkler, Ralph, 2006. "Gradual versus structural technological change in the transition to a low-emission energy industry: How time-to-build and differing social and individual discount rates influence environmental and tec," Dresden Discussion Paper Series in Economics 09/06, Technische Universität Dresden, Faculty of Business and Economics, Department of Economics.
    8. Fredrik Carlsson & Mitesh Kataria & Elina Lampi, 2011. "Do EPA Administrators Recommend Environmental Policies That Citizens Want?," Land Economics, University of Wisconsin Press, vol. 87(1), pages 60-74.
    9. Scarborough, Helen & Bennett, Jeffrey W., 2006. "Estimating intergenerational utility distribution preferences," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139899, Australian Agricultural and Resource Economics Society.
    10. Camacho-Cuena, Eva & Garcia-Gallego, Aurora & Georgantzis, Nikolaos & Sabater-Grande, Gerardo, 2003. "An experimental test of response consistency in contingent valuation," Ecological Economics, Elsevier, vol. 47(2-3), pages 167-182, December.
    11. Martin G. Kocher & Peter Martinsson & Kristian Ove R. Myrseth & Conny E. Wollbrant, 2017. "Strong, bold, and kind: self-control and cooperation in social dilemmas," Experimental Economics, Springer;Economic Science Association, vol. 20(1), pages 44-69, March.
    12. Veisten, Knut, 2007. "Contingent valuation controversies: Philosophic debates about economic theory," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 36(2), pages 204-232, April.
    13. Becker, Christian, 2006. "The human actor in ecological economics: Philosophical approach and research perspectives," Ecological Economics, Elsevier, vol. 60(1), pages 17-23, November.
    14. Dickinson, David L. & Masclet, David, 2019. "Using ethical dilemmas to predict antisocial choices with real payoff consequences: An experimental study," Journal of Economic Behavior & Organization, Elsevier, vol. 166(C), pages 195-215.
    15. Monika Foltyn-Zarychta & Rafał Buła & Krystian Pera, 2021. "Discounting for Energy Transition Policies—Estimation of the Social Discount Rate for Poland," Energies, MDPI, vol. 14(3), pages 1-21, January.
    16. Buchholz, Wolfgang & Schumacher, Jan, 2010. "Discounting and welfare analysis over time: Choosing the [eta]," European Journal of Political Economy, Elsevier, vol. 26(3), pages 372-385, September.
    17. Eliasson, Jonas, 2014. "The role of attitude structures, direct experience and reframing for the success of congestion pricing," Transportation Research Part A: Policy and Practice, Elsevier, vol. 67(C), pages 81-95.
    18. Marzena Starnawska, 2016. "Social Entrepreneurship Research – Challenges, Explanations and Suggestions for the Field Development (Przedsiebiorczosc spoleczna – wyzwania, przyczyny i sugestie dla obszaru badawczego)," Problemy Zarzadzania, University of Warsaw, Faculty of Management, vol. 14(61), pages 13-31.
    19. Tienhaara, Annika & Ahtiainen, Heini & Pouta, Eija, 2015. "Consumer and citizen roles and motives in the valuation of agricultural genetic resources in Finland," Ecological Economics, Elsevier, vol. 114(C), pages 1-10.
    20. Faber, Malte & Petersen, Thomas & Schiller, Johannes, 2002. "Homo oeconomicus and homo politicus in Ecological Economics," Ecological Economics, Elsevier, vol. 40(3), pages 323-333, March.

    More about this item

    Keywords

    Public goods; experiment; endowment heterogeneity; real wealth;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gra:wpaper:10/20. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Angel Solano Garcia. (email available below). General contact details of provider: https://edirc.repec.org/data/dtugres.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.