@techreport{cefcf6af347f40edb5dc6756d93dd222,
title = "Inequality, trust and growth: An experimental study",
abstract = "In a three player dynamic public goods experiment, social output today determines production possibilities tomorrow.In each period, players choose to sabotage, to co-operate, or to play best response.Sabotage harms social output and growth.Mutual co-operation maximises both.The property rights to social output are distributed unequally.Extent and skew of inequality are varied. Empirical studies indicate a negative impact of inequality on trust and growth. We observe equilibrium play in most cases.There is also substantial co-operation, but little sabotage.Our exogenous variations of inequality are neutral to growth, neither negatively correlated to co-operation, nor positively correlated to sabotage.",
keywords = "public goods, game theory",
author = "A. Sadrieh and H.A.A. Verbon",
note = "Pagination: 25",
year = "2002",
language = "English",
volume = "2002-84",
series = "CentER Discussion Paper",
publisher = "Macroeconomics",
type = "WorkingPaper",
institution = "Macroeconomics",
}