Trust and Communication in a Property Rights Dilemma
Abstract
We study a laboratory social dilemma game in which incentives to steal from others lead to the socially inefficient diversion of resources from production unless the members of a given mini-society can abide by norms of non-theft or engage in low cost collective protection of their members’ wealth accumulations. We compare two treatments in which subjects have opportunities to exchange free-form messages to one without such opportunities,...
Paper Details
Title
Trust and Communication in a Property Rights Dilemma
Published Date
Jan 1, 2016
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