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- 2009397619 abstract "In economic terms, the environment is largely a public good. Contributing to a public good is costly to an individual, while the benefits are enjoyed by all. Despite this, many people voluntarily contribute to public goods, both in laboratory economic experiments and through day-to-day environmental decisions. These voluntary contributions are largely motivated intrinsically, that is satisfaction comes from the act itself rather than external rewards. Policy interventions are often required to increase the provision of public goods to the socially optimal level, which usually take the form of extrinsic incentives such as payments or regulations. Theoretical and empirical evidence from psychology and economics suggests that such extrinsic incentives can crowd out the intrinsic motivations which underlie voluntary contributions. As a result, a policy may have less than the anticipated impact. It is even possible for a costly policy intervention to lead to a decrease in overall public good provision, as individuals cease to contribute voluntarily. This paper argues that environmental policy design should proceed with caution in the presence of intrinsic motivations. Weak regulations and small, competitive financial incentives have the greatest potential for negative effects. Recognizing and supporting existing efforts can crowd in, rather than crowd out, voluntary contributions. With careful design and implementation, there is the potential to maintain and support intrinsic motivations while also providing robust extrinsic incentives.--Publisher's description.".
- 2009397619 contributor B11569126.
- 2009397619 contributor B11569127.
- 2009397619 created "2008.".
- 2009397619 date "2008".
- 2009397619 date "2008.".
- 2009397619 dateCopyrighted "2008.".
- 2009397619 description "In economic terms, the environment is largely a public good. Contributing to a public good is costly to an individual, while the benefits are enjoyed by all. Despite this, many people voluntarily contribute to public goods, both in laboratory economic experiments and through day-to-day environmental decisions. These voluntary contributions are largely motivated intrinsically, that is satisfaction comes from the act itself rather than external rewards. Policy interventions are often required to increase the provision of public goods to the socially optimal level, which usually take the form of extrinsic incentives such as payments or regulations. Theoretical and empirical evidence from psychology and economics suggests that such extrinsic incentives can crowd out the intrinsic motivations which underlie voluntary contributions. As a result, a policy may have less than the anticipated impact. It is even possible for a costly policy intervention to lead to a decrease in overall public good provision, as individuals cease to contribute voluntarily. This paper argues that environmental policy design should proceed with caution in the presence of intrinsic motivations. Weak regulations and small, competitive financial incentives have the greatest potential for negative effects. Recognizing and supporting existing efforts can crowd in, rather than crowd out, voluntary contributions. With careful design and implementation, there is the potential to maintain and support intrinsic motivations while also providing robust extrinsic incentives.--Publisher's description.".
- 2009397619 description "Includes bibliographical references : p. 23-26.".
- 2009397619 extent "27 p. :".
- 2009397619 hasFormat "Also available online.".
- 2009397619 identifier SEEDPaper11.html.
- 2009397619 isFormatOf "Also available online.".
- 2009397619 isPartOf "Working paper series ; 08/01".
- 2009397619 issued "2008".
- 2009397619 issued "2008.".
- 2009397619 language "eng".
- 2009397619 publisher "Canberra : CSIRO Sustainable Ecosystems,".
- 2009397619 relation "Also available online.".
- 2009397619 subject "Altruism.".
- 2009397619 subject "Environmental policy.".
- 2009397619 subject "HC79.E5 R436 2008".
- 2009397619 subject "Motivation (Psychology)".
- 2009397619 title "Institutions, motivations and public goods : theory evidence and implications for environmental policy / Andrew Reeson.".
- 2009397619 type "text".