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经贸院:Does Relative Framing and Minimum Level Increase Public Good Contributions?

讲座题目:Does Relative Framing and Minimum Level Increase Public Good Contributions?

讲座时间:2018年9月30日(周日)下午2:30-4:00pm

地点:澳门太阳集团官方网址财院校区新政楼401会议室

主讲王湘红

主持:邓卫广 澳门太阳集团官方网址经济与贸易学院国际贸易系助理教授  香港中文大学经济学博士


Abstract

Individual contributions to public goods can be framed in absolute amount or as a relative proportion of one’s income. This paper examines the effect of such framing on contributions of group members to a public good in a laboratory experiment. The framing effect can be resulted from shifting of reference points or fairness awareness. In our experiment, members in a group have high and low two endowments types and they play public good games both without and with minimum contribution levels (MCLs). As a treatment, both the contribution metric and MCLs are expressed either in absolute amount or as a relative proportion of a group member’s endowment. The MCL is different in absolute amount for the high and low type members, but it is the same proportion of their endowments for the two types. The number of high endowment members also varies as a treatment to group composition. We find some important results that are consistent with our hypotheses. First, without MCL, the relative metric significantly reduces contributions, especially for the low types; the reduction also comes from more free riders. Second, the introduction of MCL significantly increases contributions. Third, the relative framing of MCL increases contributions more than the absolute MCL, therefore the difference between absolute condition and relative condition almost disappear after MCL is introduced. Fourth, the average group contribution is increased by the number of high type members in a group. We discuss theories and implications of these findings.

王湘红

中国人民大学经济学院教授。1996年博士毕业于美国卡耐基梅隆大学。曾在美国SAS研究有限公司和世界银行从事研究工作。主持多项国家自然太阳集团官方网站基金面上项目。2014-2016年期间担任世界经济论坛全球战略委员会(Global Agenda Councils)行为分会委员。

论文发表在Quarterly Journal of Economics, Journal of Economic Behavior and Organization, Journal of Economic PsychologyJournal of Comparative Economics,《世界经济》,《金融研究》等国际国内顶尖学术刊物上。

主要研究兴趣包括用行为和实验经济学,公共政策,劳动经济学,消费行为等等。

发表记录:

1.Babcock, Linda; George Loewenstein and Xianghong Wang.1995. "The Relationship between Uncertainty, the Contract Zone, and Efficiency in a Bargaining Experiment."Journal of Economic Behavior & Organization, 27(3), 475-85.

2.Babcock, Linda; Xianghong Wang and George Loewenstein.1996. "Choosing the Wrong Pond: Social Comparisons in Negotiations that Reflect a Self-Serving Bias."Quarterly Journal of Economics, 111(1), 1-19.

3.Wang, Xianghong.2009. "Retail Return Policy, Endowment Effect, and Consumption Propensity: An Experimental Study."B.E. Journal of Economic Analysis & Policy, 9(1), 38-38.

4.Wang, Xianghong.2012. "When Workers Do Not Know – the Behavioral Effects of Minimum Wage Laws Revisited."Journal of Economic Psychology, 33(5), 951-62.

5.Nie, Huihua; Minjie Jiang and Xianghong Wang.2013. "The Impact of Political Cycle: Evidence from Coalmine Accidents in China."Journal of Comparative Economics, 41(4), 995-1011.

6.Kocher, Martin G.; Peter Martinsson; Emil Persson and Xianghong Wang.2016. "Is There a Hidden Cost of Imposing a Minimum Contribution Level for Public Good Contributions?"Journal of Economic Psychology, 56, 74-84.

7.王湘红,孙文凯,任继球.相对收入对外出务工的影响:来自中国农村的证据[J].世界经济, 2012(5):121-141.

8.王湘红,陈坚.社会比较和相对收入对农民工家庭消费的影响——基于RUMiC数据的分析[J].金融研究, 2016(12):48-62.

学术地点 财院校区新政楼401会议室 主讲人 王湘红
讲座时间 2018年9月30日(周日)下午2:30-4:00pm
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