Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/85007
Authors: 
Engel, Christoph
Moffat, Peter G.
Year of Publication: 
2012
Series/Report no.: 
Preprints of the Max Planck Institute for Research on Collective Goods 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.
Subjects: 
Public Good Experiment
Hurdle Model
double hurdle model
Tobit
panel data
JEL: 
H41
D63
D64
C91
D62
D03
C24
C23
Document Type: 
Working Paper

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