Leading-by-example and signaling in voluntary contribution games: an experimental study
Leading-by-example and signaling in voluntary contribution games: an experimental study
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DOI:
10.1007/s00199-006-0186-3
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发表时间:
2007-10-01
期刊:
影响因子:
1.3
通讯作者:
Vesterlund, Lise
中科院分区:
文献类型:
--
作者:
Potters, Jan;Sefton, Martin;Vesterlund, Lise
We report experimental results on the effect of leadership in a voluntary contribution game. Consistent with recent theories we find that leading-by-example increases contributions and earnings in an environment where a leader has private information about the returns from contributing (Hermalin in Am Econ Rev 88:1188-1206, 1998; Vesterlund in J Public Econ 87:627-657, 2003). In contrast the ability to lead-by-example has no effect on total contributions and earnings when such returns are commonly known. In our environment the success of leadership therefore appears to be driven by signaling rather than by nonpecuniary factors such as reciprocity.