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Value Orientations, Expectations and Voluntary Contributions in Public Goods

Value Orientations, Expectations and Voluntary Contributions in Public Goods Abstract An experimental analysis of voluntary, binary contributions for step-level public goods is presented. Independent information is obtained on individual value orientation and expectations about the behaviour of other subjects using incentive compatible mechanisms. The effects of increasing payoffs for the public good and of decreasing groupsize are investigated. Attention is focused on (1) the determination of expectations; (2) the use of expectations when deciding on behaviour; (3) differences in expectations and behaviour between individuals with different value orientations. This content is only available as a PDF. Author notes Financial support by the Netherlands' Organisation for Scientific Research (NWO) is gratefully acknowledged. We would like to thank John Ledyard, Graham Loomes and four anonymous referees of this JOURNAL for useful comments. © Royal Economic Society 1996 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economic Journal Oxford University Press

Value Orientations, Expectations and Voluntary Contributions in Public Goods

Economic Journal , Volume 106 (437) – Jul 1, 1996

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References (23)

Publisher
Oxford University Press
Copyright
© Royal Economic Society 1996
ISSN
0013-0133
eISSN
1468-0297
DOI
10.2307/2235360
Publisher site
See Article on Publisher Site

Abstract

Abstract An experimental analysis of voluntary, binary contributions for step-level public goods is presented. Independent information is obtained on individual value orientation and expectations about the behaviour of other subjects using incentive compatible mechanisms. The effects of increasing payoffs for the public good and of decreasing groupsize are investigated. Attention is focused on (1) the determination of expectations; (2) the use of expectations when deciding on behaviour; (3) differences in expectations and behaviour between individuals with different value orientations. This content is only available as a PDF. Author notes Financial support by the Netherlands' Organisation for Scientific Research (NWO) is gratefully acknowledged. We would like to thank John Ledyard, Graham Loomes and four anonymous referees of this JOURNAL for useful comments. © Royal Economic Society 1996

Journal

Economic JournalOxford University Press

Published: Jul 1, 1996

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