Securing property rights: a dilemma experiment in Austria, Mexico, Mongolia, South Korea and the United States
Article
Ahn, T., Balafoutas, L., Batsaikhan, M., Campos-Ortiz, F., Putterman, L. and Sutter, M. 2016. Securing property rights: a dilemma experiment in Austria, Mexico, Mongolia, South Korea and the United States. Journal of Public Economics. 143, pp. 115-124. https://doi.org/10.1016/j.jpubeco.2016.08.015
Type | Article |
---|---|
Title | Securing property rights: a dilemma experiment in Austria, Mexico, Mongolia, South Korea and the United States |
Authors | Ahn, T., Balafoutas, L., Batsaikhan, M., Campos-Ortiz, F., Putterman, L. and Sutter, M. |
Abstract | Secure property rights result from a combination of public enforcement, private protective measures, and voluntary norm-compliance. We conduct a laboratory experiment to study how culture interacts with institutions in shaping individuals' behaviors and group outcomes in a property rights dilemma. The experiment is conducted in five countries: Austria, Mexico, Mongolia, South Korea and the United States. We find that the security of property varies with the experimentally available institutions and country-level indicators such as trust and quality of government. Subjects from countries with higher levels of trust are more likely to abstain initially from theft, devote more resources to production and support funding public protection of property through taxation. Our findings highlight the relevance of cultural and institutional factors, and their interaction, in addressing the collective action problem of safeguarding property rights. |
Keywords | Property rights; Institutions; Theft; Efficiency; Experiment; Social dilemma; Trust; Norms |
Sustainable Development Goals | 16 Peace, justice and strong institutions |
Middlesex University Theme | Creativity, Culture & Enterprise |
Publisher | Elsevier |
Journal | Journal of Public Economics |
ISSN | 0047-2727 |
Electronic | 1879-2316 |
Publication dates | |
Online | 01 Sep 2016 |
Nov 2016 | |
Publication process dates | |
Accepted | 31 Aug 2016 |
Submitted | 17 Jun 2015 |
Deposited | 25 Jan 2024 |
Output status | Published |
Digital Object Identifier (DOI) | https://doi.org/10.1016/j.jpubeco.2016.08.015 |
Web of Science identifier | WOS:000386407800010 |
Language | English |
https://repository.mdx.ac.uk/item/v65w4
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