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    Social preferences in a common-pool resource dilemma

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    Raines_uaf_0006N_10226.pdf
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    Author
    Raines, Richard L.
    Chair
    Little, Joseph
    Committee
    Reynolds, Douglas
    Baek, Jungho
    Metadata
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    URI
    http://hdl.handle.net/11122/4674
    Abstract
    The simplifying assumption of rational self-interest is a common one in the social sciences, however it may not always be entirely realistic. People can also adopt a variety of alternative social preferences that place weight on both private and group outcomes. Using experimental methods from economics and psychology, this paper empirically estimates these different "social value orientations" (SVOs), ranging continuously from relatively proself social preferences (competition and individualism) to relatively prosocial (altruism and cooperation). This measure is then applied to a common-pool resource (CPR) experiment to test if social preferences can be used to predict strategic harvesting decisions or participation in a peer-enforced regulatory institution. I find that perfect self-interest is one of many consistent forms of social preference, and that prosocial (proself) preferences successfully predict lower (higher) rates of resource extraction. Social preferences can also be used to predict regulatory participation, but the long-run relationship is less clear.
    Description
    Thesis (M.S.) University of Alaska Fairbanks, 2014.
    Date
    2014-08
    Type
    Thesis
    Collections
    Economics

    entitlement

     
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