| Publication Type | | Preprints |
| Author | | Christoph Engel, Peter G. Moffat |
| Year of Publication | | 2012 |
| Issue | | 2012/13 |
| Abstract | | Evidence from an experiment investigating the “house money effect” in the context of a public goods game is reconsidered. Analysis is performed within the framework of the panel hurdle model, in which subjects are assumed to be one of two types: free-riders, and potential contributors. The effect of house money is seen to be significant in the first hurdle: specifically, house money makes a subject more likely to be a potential contributor. Hence we find that the effect of house money is more than just an effect on behaviour; it has the effect of changing a subject from one type to another. This result is potentially important in the external validity debate. |
| URL | | http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2089336 |
| Export | | Tagged BibTex XML |
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| Supplementary Material | | |
| Keywords | | Public Good Experiment, Hurdle Model, double hurdle model, Tobit, panel data |
| JEL-Codes | | H41, D63, D64, C91, D62, D03, C24, C23 |
