Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83768
Authors: 
Campos-Ortiz, Francisco
Putterman, Louis
Ahn, T. K.
Balafoutas, Loukas
Batsaikhan, Mongoljin
Sutter, Matthias
Year of Publication: 
2012
Series/Report no.: 
Working Papers, Banco de México 2012-12
Abstract: 
We study experimentally the protection of property in five widely distinct countries - Austria, Mexico, Mongolia, South Korea and the United States. Our main results are the correlations between experimental choices with indicators regarding the security of property, trust and the quality of government. We show that subjects from countries with: (1) higher levels of trust or perceptions of safety are more prone to abstain from plundering and devote less resources to protect their property; and (2) high-quality political institutions support collective protection of property through taxation more often. Our results highlight the relevance of socio-political factors in determining countries' success in addressing collective action problems including safeguarding property rights.
Subjects: 
Property Rights
Efficiency
Experiment
Socio-Political Factors
JEL: 
C91
C92
D03
H41
P14
Document Type: 
Working Paper
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