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Social preferences and public economics: Mechanism design when social preferences depend on incentives

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Author Info
Bowles, Samuel
Hwang, Sung-Ha
Abstract

Social preferences such as altruism, reciprocity, intrinsic motivation and a desire to uphold ethical norms are essential to good government, often facilitating socially desirable allocations that would be unattainable by incentives that appeal solely to self-interest. But experimental and other evidence indicates that conventional economic incentives and social preferences may be either complements or substitutes, explicit incentives crowding in or crowding out social preferences. We investigate the design of optimal incentives to contribute to a public good under these effects would make either more or less use of explicit incentives, by comparison to a naive planner who assumes they are absent.

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Publisher Info
Article provided by Elsevier in its journal Journal of Public Economics.

Volume (Year): 92 (2008)
Issue (Month): 8-9 (August)
Pages: 1811-1820
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Handle: RePEc:eee:pubeco:v:92:y:2008:i:8-9:p:1811-1820

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Web page: http://www.elsevier.com/locate/inca/505578

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  1. Sung Ha Hwang & Samuel Bowles, 2008. "Is altruism bad for cooperation?," Working Papers 2008-13, University of Massachusetts Amherst, Department of Economics. [Downloadable!]
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This page was last updated on 2008-11-8.


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