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COMPARING THE EFFECTIVENESS OF REGULATION AND PRO‐SOCIAL EMOTIONS TO ENHANCE COOPERATION: EXPERIMENTAL EVIDENCE FROM FISHING COMMUNITIES IN COLOMBIA
Author(s) -
LOPEZ MARIA CLAUDIA,
MURPHY JAMES J.,
SPRAGGON JOHN M.,
STRANLUND JOHN K.
Publication year - 2012
Publication title -
economic inquiry
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.823
H-Index - 72
eISSN - 1465-7295
pISSN - 0095-2583
DOI - 10.1111/j.1465-7295.2010.00344.x
Subject(s) - public good , fishing , context (archaeology) , economics , public economics , welfare , public goods game , social pressure , microeconomics , social psychology , fishery , psychology , geography , biology , market economy , archaeology
This paper presents the results from a series of framed field experiments conducted in fishing communities off the Caribbean coast of Colombia. The goal is to investigate the relative effectiveness of exogenous regulatory pressure and pro‐social emotions in promoting cooperative behavior in a public goods context. The random public revelation of an individual's contribution and its consequences for the rest of the group leads to significantly higher public good contributions and social welfare than regulatory pressure, even under regulations that are designed to motivate fully efficient contributions. ( JEL C93, H41, Q20, Q28)