Equality,equity and incentives: An experiment |
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| Affiliation: | 1. Appalachian State University, Department of Economics, Boone, NC 28608, United States;2. University of Rennes, 7 place Hoche, 35000 Rennes, France;3. Université de Lyon, Lyon F-69007, France;4. CNRS, GATE Lyon Saint-Etienne, 93 Chemin des Mouilles, 69130 Ecully, France;5. ESI, Chapman University, United States;6. IZA, Bonn, Germany;7. CIRANO, Montreal, Canada;1. University of Paris 2 Panthéon-Assas CRED (TEPP), Institut Universitaire de France and University of Liverpool, School of Management, France;2. University of Paris 2 Panthéon-Assas CRED (TEPP), France;3. University of Lausanne, Switzerland |
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| Abstract: | We study a fundamental conflict in economic decision-making, the trade-off between equality, equity and incentives, in a new experimental game that nests a voluntary contributions mechanism in a broader spectrum of incentive schemes. In a 2×2 design, we let subjects either vote on or exogenously encounter incentive settings while assigned unequal endowments are either task-determined or random. We find that earned endowments lead to less support for redistribution and less cooperation. Subjects' voting is influenced by egalitarian and equity concerns, in addition to self-interest. Cooperation rates respond rather continuously to incentives. |
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