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Games 2010, 1(4), 527-550; doi:10.3390/g1040527
Article

Trust with Private and Common Property: Effects of Stronger Property Right Entitlements

1,*  and 2
Received: 15 September 2010; in revised form: 15 October 2010 / Accepted: 8 November 2010 / Published: 10 November 2010
(This article belongs to the Special Issue Other-Regarding Preferences)
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Abstract: Is mutually beneficial cooperation in trust games more prevalent with private property or common property? Does the strength of property right entitlement affect the answer? Cox, Ostrom, Walker, et al. [1] report little difference between cooperation in private and common property trust games. We assign stronger property right entitlements by requiring subjects to meet a performance quota in a real effort task to earn their endowments. We report experiment treatments with sequential choice and strategy responses. We find that cooperation is lower in common property trust games than in private property trust games, which is an idiosyncratic prediction of revealed altruism theory [2]. Demonstrable differences and similarities between our strategy response and sequential choice data provide insight into the how these protocols can yield different results from hypothesis tests even when they are eliciting the same behavioral patterns across treatments.
Keywords: trust game; private property; common property; real effort; revealed altruism theory; strategy method; sequential choice trust game; private property; common property; real effort; revealed altruism theory; strategy method; sequential choice
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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MDPI and ACS Style

Cox, J.C.; Hall, D.T. Trust with Private and Common Property: Effects of Stronger Property Right Entitlements. Games 2010, 1, 527-550.

AMA Style

Cox JC, Hall DT. Trust with Private and Common Property: Effects of Stronger Property Right Entitlements. Games. 2010; 1(4):527-550.

Chicago/Turabian Style

Cox, James C.; Hall, Daniel T. 2010. "Trust with Private and Common Property: Effects of Stronger Property Right Entitlements." Games 1, no. 4: 527-550.

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