LIU, Jia, SONNTAG, Axel and ZIZZO, Daniel John (2022). Information defaults in repeated public good provision. Journal of Economic Behavior & Organization, 197, 356-369.
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Defaults_2022-03-04 cs - with title page.pdf - Accepted Version Restricted to Repository staff only until 27 September 2023. Creative Commons Attribution Non-commercial No Derivatives. Download (512kB) |
Abstract
We study an unexplored type of defaults - information defaults - in a repeated public good provision setting. In our treatments, we vary the default of having or not having contribution information as well as whether the information comes with a positive, zero or negative financial incentive. We find that almost all subjects have the information when this is cost-free or financially beneficial, but around a third have the information even when this is costly. Moreover, a default of not having information leads to a slower unraveling of cooperation which is matched by the beliefs about others’ contributions in these treatments. We also find a secondary informational default effect, challenging previous findings on how defaults work: when the default is no information, subjects do not seek information more often, but they tend to believe that more other subjects seek information.
Item Type: | Article |
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Uncontrolled Keywords: | Economics; 1401 Economic Theory; 1402 Applied Economics; 1403 Econometrics |
Identification Number: | https://doi.org/10.1016/j.jebo.2022.03.001 |
Page Range: | 356-369 |
SWORD Depositor: | Symplectic Elements |
Depositing User: | Symplectic Elements |
Date Deposited: | 29 Mar 2022 14:52 |
Last Modified: | 29 Mar 2022 15:00 |
URI: | https://shura.shu.ac.uk/id/eprint/30006 |
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