Value Orientations, Income and Displacement Effects, and Voluntary Contributions
Neil Buckley, Kenneth S. Chan, James Chowhan, Stuart Mestelman, Mohamed
Shehata.
McMaster University
Deptartment of Economics
McMaster University
Working Paper No.
Draft of March 2000
Abstract
Identifying the value orientations of subjects participating in market
or non-market decisions by having them participate in a ring game may be
helpful in understanding the behaviour of these subjects. This experiment
presents the results of changes in the centre and the radius of a value
orientations ring in an attempt to discover if the measured value orientations
exhibit income or displacement effects. Neither significant income
effects nor displacement effects are identified.
An external validity check with a voluntary contribution game provides
evidence that value orientations from rings centred around the origin of
the decision-space explain significant portions of voluntary contributions
while value orientations from displaced rings do not.
Send Correspondence to:
Stuart Mestelman
Department of Economics
McMaster University
Hamilton, Ontario L8S 4M4
Canada
e-mail: mestelma@mcmaster.ca
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Last updated: Oct 24, 1999