Altruism in valuing government and market-supplied goods |
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| Affiliation: | 1. Department of Epidemiology and Population Health, Faculty of Health Sciences, American University of Beirut, Beirut, Lebanon;2. Department of Pediatrics and Adolescent Medicine, American University of Beirut Medical Center, Beirut, Lebanon;3. Institute for Global Health and Development, Queen Margaret University, Edinburgh, United Kingdom;4. Faculty of Medicine, Higher Institute of Public Health, Saint-Joseph University, Beirut, Lebanon;1. Department of Nano-physics, Gachon University, Seongnam-si, Gyeonggi-do, 461-701, South Korea;2. Department of Chemical Engineering, University of Texas at Austin, Austin, TX 78712, USA;1. Department of Cardiology, The Prince Charles Hospital, Brisbane, Australia;2. Faculty of Medicine, University of Queensland, Brisbane, Australia;3. University of California-San Francisco, San Francisco, California, USA;4. Richard Slaughter Centre of Excellence in CVMRI, The Prince Charles Hospital, Brisbane, Australia;1. National Authority for Remote Sensing and Space Sciences, Cairo, Egypt;2. Astronomy, Space and Meteorology Dep., Faculty of Science, Cairo University, Egypt;3. National Research Institute of Astronomy and Geophysics, Helwan, Egypt |
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| Abstract: | Respondents in two studies rated the value of goods and services generally, according to their perceived self-interest, and according to their perception of the public-interest. Study 1 found that the general ratings of government-provided goods were closer to public-interest ratings than to self-interest ratings, suggesting valuation of such goods is not solely determined by self-interest. Study 2 found a similar phenomenon applied for some market-supplied goods. |
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