Throwing money to the poor
November 27th 2006 @ 11:30 pm General Economics

A nice voluntary wealth redistribution story. Can’t solve the whole problem but what I’m wondering is whether tourists now will be more or less inclined to toss a coin into the Trevi. I can see few scenarios:

  1. Neutral: most people don’t give a damn and continue as before
  2. Less money is thrown in because individuals thought they were purchasing “good luck now realise that their contribution will be “used up” by someone else
  3. Increase in money: Neural individuals are more inclined to give, because they are getting an additional purchase (charity) and the negative effects of 2 above do not materialise.
-william
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