Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries

Campos-Ortiz Francisco, Louis Putterman, Ahn T. K., Loukas Balafoutas, Mongoljin Batsaikhan () and Matthias Sutter

No 2012-12, Working Papers from Banco de México

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.

JEL-codes: C91 C92 D01 H41 P14 (search for similar items in EconPapers)
Date: 2012-10
New Economics Papers: this item is included in nep-cbe, nep-evo, nep-exp and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Working Paper: Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries (2012)
Working Paper: Security of property as a public good: Institutions, socio-political environment and experimental behavior in five countries (2012)
Working Paper: Security of Property as a Public Good: Institutions, Socio-Political Environment and Experimental Behavior in Five Countries (2012)
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