Universität zu Köln

Ahn, T. K., Balafoutas, Loukas ORCID: 0000-0002-3477-5096, Batsaikhan, Mongoljin ORCID: 0000-0001-9357-2021, Campos-Ortiz, Francisco, Putterman, Louis and Sutter, Matthias ORCID: 0000-0002-6143-8706 (2016). Securing property rights: A dilemma experiment in Austria, Mexico, Mongolia, South Korea and the United States. J. Public Econ., 143. S. 115 - 125. LAUSANNE: ELSEVIER SCIENCE SA. ISSN 0047-2727

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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. (C) 2016 Elsevier B.V. All rights reserved.

Item Type:	Journal Article
Creators:	Creators Email ORCID ORCID Put Code Ahn, T. K. UNSPECIFIED UNSPECIFIED UNSPECIFIED Balafoutas, Loukas UNSPECIFIED orcid.org/0000-0002-3477-5096 UNSPECIFIED Batsaikhan, Mongoljin UNSPECIFIED orcid.org/0000-0001-9357-2021 UNSPECIFIED Campos-Ortiz, Francisco UNSPECIFIED UNSPECIFIED UNSPECIFIED Putterman, Louis UNSPECIFIED UNSPECIFIED UNSPECIFIED Sutter, Matthias UNSPECIFIED orcid.org/0000-0002-6143-8706 UNSPECIFIED
URN:	urn:nbn:de:hbz:38-257860
DOI:	10.1016/j.jpubeco.2016.08.015
Journal or Publication Title:	J. Public Econ.
Volume:	143
Page Range:	S. 115 - 125
Date:	2016
Publisher:	ELSEVIER SCIENCE SA
Place of Publication:	LAUSANNE
ISSN:	0047-2727
Language:	English
Faculty:	Faculty of Management, Economy and Social Sciences
Divisions:	Center of Excellence C-SEB
Subjects:	Economics
Uncontrolled Keywords:	Keywords Language PUBLIC-GOODS EXPERIMENTS; PUNISHMENT; COOPERATION; INSTITUTIONS; PREFERENCES; SOCIETIES; DEMOCRACY; CULTURE; ANARCHY; TRUST Multiple languages Economics Multiple languages
Refereed:	Yes
URI:	http://kups.ub.uni-koeln.de/id/eprint/25786