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Cross-racial envy and underinvestment in South Africa

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dc.creator Haile, Daniel
dc.creator Sadrieh, Abdolkarim
dc.creator Verbon, Harrie A. A.
dc.date 2006
dc.date.accessioned 2013-10-16T07:03:01Z
dc.date.available 2013-10-16T07:03:01Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19121
dc.identifier ppn:510017002
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19121
dc.description Trust games are employed to investigate the effect of heterogeneity in income and race on cooperation in South Africa. The amount of socio-economic information available to the subjects about their counterparts is varied. No significant behavioural differences are observed, when no such information is provided. However, when the information is available, it significantly affects individual trust behaviour. The low income subjects from both racial groups invest significantly less in partnerships with the high income subjects of the other racial group than in any other partnership. We attribute this behaviour to cross-racial envy, which on aggregate may lead to substantial underinvestment in the economy.
dc.language eng
dc.publisher
dc.relation CESifo working papers 1657
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject J15
dc.subject C91
dc.subject ddc:330
dc.subject trust game
dc.subject ethnic diversity
dc.subject income inequality
dc.subject cooperation
dc.subject Kooperation
dc.subject Vertrauen
dc.subject Ethnische Beziehungen
dc.subject Einkommensverteilung
dc.subject Investition
dc.subject Experiment
dc.subject Spieltheorie
dc.subject Theorie
dc.subject Südafrika
dc.title Cross-racial envy and underinvestment in South Africa
dc.type doc-type:workingPaper


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