Public Goods Provision with Rent-Extracting Administrators
Beitrag in einer Fachzeitschrift
Details zur Publikation
Autor(en): Cagala T, Glogowsky U, Grimm V, Rincke J
Zeitschrift: → Economic Journal |
Jahr der Veröffentlichung: 2018
ISSN: 0013-0133
Sprache: Englisch
Abstract
This paper studies public goods provision in an experiment in which contributors repeatedly interact with rent-extracting administrators. Our main result is that the presence of an administrator reduces contributions but only because rent extraction lowers the MPCR. Analysing the dynamic interactions between the contributors and the administrator, we demonstrate that rent-extraction and cooperation shocks trigger short-run adjustments in the agents’ behaviour. However, shocks do not have permanent effects. This explains the long-run resilience of cooperation to rent extraction. We also show that cooperative attitudes and trust are traits that explain permanent differences in the short-run volatility of public goods provision.
FAU-Autoren / FAU-Herausgeber
| | | Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftspolitik |
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| | | Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftspolitik |
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| Grimm, Veronika Prof. Dr. |
| | Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftstheorie |
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| Rincke, Johannes Prof. Dr. |
| | Lehrstuhl für Volkswirtschaftslehre, insbesondere Wirtschaftspolitik |
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Zitierweisen
APA: | Cagala, T., Glogowsky, U., Grimm, V., & Rincke, J. (2018). Public Goods Provision with Rent-Extracting Administrators. Economic Journal. https://dx.doi.org/10.1111/ecoj.12614 |
MLA: | Cagala, Tobias, et al. "Public Goods Provision with Rent-Extracting Administrators." Economic Journal (2018). |