Date of Award
Doctor of Philosophy
William S. Neilson
Donald J. Bruce, Jacob S. LaRiviere, Paul R. Armsworth
I study three questions which relate to one another only in that each explores facets of economics. First, I theoretically examine the conditions under which introducing an impure public good decreases total public provision. I introduce a central planner who can tax the private good to correct this and identify the market characteristics that typify this scenario. Second, I test the two standard competing dividend puzzle hypotheses using a laboratory experiment. Evidence from the lab, including variables unobservable in the field, reinforces empirical work supporting the outcome model over the substitute. Last, I obscure from dictators information regarding recipients' income sources in a standard laboratory dictator game. When other-regarding dictators are unaware how much of recipients' income is earned relative to luck-borne, they assume recipients are unlucky rather than lazy. This supports the social insurance literature over that on moral wiggle-room.
McMahon, Matthew John, "Theory and Experiments Exploring Behavioral, Financial, and Public Economics. " PhD diss., University of Tennessee, 2015.
Behavioral Economics Commons, Corporate Finance Commons, Economic Theory Commons, Finance Commons, Finance and Financial Management Commons, Income Distribution Commons, Other Economics Commons, Public Economics Commons, Taxation Commons