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Pork versus public goods : an experimental study of public good provision within a legislative bargaining framework

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(1)DEPARTMENT OF ECONOMICS. EUI Working Papers ECO 2010/37 DEPARTMENT OF ECONOMICS. PORK VERSUS PUBLIC GOODS: AN EXPERIMENTAL STUDY OF PUBLIC GOOD PROVISION WITHIN A LEGISLATIVE BARGAINING FRAMEWORK. Guillaume R. Fréchette, John H. Kagel and Massimo Morelli.

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(3) EUROPEAN UNIVERSITY INSTITUTE, FLORENCE. DEPARTMENT OF ECONOMICS. Pork Versus Public Goods: An Experimental Study of Public Good Provision within a Legislative Bargaining Framework GUILLAUME R. FRÉCHETTE, JOHN H. KAGEL and MASSIMO MORELLI. EUI Working Paper ECO 2010/37.

(4) This text may be downloaded for personal research purposes only. Any additional reproduction for other purposes, whether in hard copy or electronically, requires the consent of the author(s), editor(s). If cited or quoted, reference should be made to the full name of the author(s), editor(s), the title, the working paper or other series, the year, and the publisher. ISSN 1725-6704. © 2010 Guillaume R. Fréchette, John H. Kagel and Massimo Morelli Printed in Italy European University Institute Badia Fiesolana I – 50014 San Domenico di Fiesole (FI) Italy www.eui.eu cadmus.eui.eu.

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(234) >7H7> AD 47FF7D.

(235) .

(236) I:;5: 4;3E7E F:7 3H7D397 3>>A53F;A@ 393;@EF I:3F F:7 F:7ADK BD76;5FE  ,:7@ >AA=;@9 3F F:7 5DAEEAH7D E7EE;A@E GE;@9 AI@ EG4<75F 6;U7D7@57E 3E F:7 G@;F A8 A4E7DH3F;A@ F:7 3H7D397 E:3D7 A8 F:7 4G697F 3>>A53F76 FA F:7 BG4>;5 9AA6 8AD 3>> BDABAE3>E 8AD 3>> DAG@6E ;E  I;F:   

(237) H7DEGE  I;F:   

(238)

(239)  3@6  H7DEGE  ;@ DAG@6E

(240) 3@6 34AH7 I;F: 4AF: F:7E7 6;U7D7@57E EF3F;EF;53>>K E;9@;N53@F 3F F:7  >7H7>. A;@9 8DA?   

(241)

(242) FA   

(243) . F:7 675D73E7 ;@ F:7 4G697F E:3D7 9A;@9 FA BG4>;5 9AA6E ;E CG;F7 6D3?3F;5 ;@ >3D97 ?73EGD7 4753GE7 A8 F:7 >3D97 @G?47D A8 BDABAE3>E 3>>A53F;@9 BD;H3F7 9AA6E FA F:D77 B>3K7DE ;@EF736 A8 A@7 ;@3>>K @AF7 F:7 E?3>> E:3D7 3>>A53F76 FA F:7 BG4>;5 9AA6 I;F:   

(244)  5>AE7 ;@ E;L7 FA F:7 ?;E3>>A53F;A@ 4GF ;@ F:7 ABBAE;F7 6;D75F;A@ 3E ;@ F:7 3>> BG4>;5 9AA6 D79;A@     /;F:;@ F:7 ?;J76 D79;A@ 7H7@ 5A@6;F;A@;@9 A@ 7CG;>;4D;G? FKB7 BDABAE3>E F:7 3H7D397 BDABAE76 E:3D7 A8 F:7 4G697F 3>>A53F76 FA F:7 BG4>;5 9AA6 675D73E7E F:DAG9:AGF >F:AG9: F:;E 5A@FD36;5FE A@7 A8 F:7 =7K 5A?B3D3F;H7 EF3F;5 BD76;5F;A@E A8 F:7 ?A67> 3E I;>> 47 E:AI@ F:;E D7O75FE F:7 34E7@57 A8 BDABAE7D BAI7D 3F 3@KI:7D7 @73D F:7 >7H7>E BD76;5F76 G@67D F:7 ++) 5A@E;EF7@F I;F: F:7 D3F:7D >;?;F76 BDABAE7D BAI7D D7BADF76 ;@ 73D>;7D >79;E>3F;H7 43D93;@;@9 7JB7D;?7@FE I;F: 3>> B3DF;5G>3D;EF;5 9AA6E ,:;E ;@ FGD@ ;E D7>3F76 FA F:7 835F F:3F BDABAE7DE 3D7 E7@E;F;H7 FA F:7 >7H7> A8 73D@;@9E ;@7CG3>;FK F:3F BAF7@F;3> 5A3>;F;A@ B3DF@7DE 3D7 I;>>;@9 FA HAF7 8AD E77 +75F;A@  47>AI &%#,*!&% 

(245) $#)''. )$ ) "$!0( %')$# ,)# ) "- '$# %*! $$ %'$+($# '(( "$#$)$#!!. (  #'(( ( ( )'* ,)' $# #!*( !! %'$%$(!( $'  $# $#)$#( $# &*!'*" ).% %'$%$(!( ,34>7  9;H7E F:7 ++) BD76;5F;A@ ;@ F7D?E A8 BG4>;5 H7DEGE B3DF;5G>3D;EF;5 9AA6 3>>A53 F;A@E 3E I7>> 3E F:7 B3KAUE FA F:7 BDABAE7D 3@6 D7EBA@67D "F 3>EA D7BADFE F:7 3H7D397 8AD 3>> 3557BF76 AU7DE 3@6 F:7 3H7D397 5A@6;F;A@3> A@ F:7 3557BF76 AU7D 47;@9 3@ 7CG;>;4D;G? FKB7 3>>A53F;A@  'AF7 F:3F ;@ F:7 53E7 A8   

(246)  E;@57 F:7 7CG;>;4D;G? 53>>E 8AD 3 &/ D7EBA@67DE B3KAUE ?GEF 47 ?G>F;B>;76 4K FA =@AI :AI ?G5: 5A3>;F;A@ B3DF@7DE I;F:;@ F:7  ,:;E. 355AG@FE 8AD  AGF A8  EG4<75FE 8AD 3>> DAG@6E 3@6

(247)

(248) AGF A8  EG4<75FE 8AD DAG@6E

(249) AD :;9:7D. ;@ F:7 5DAEEAH7D E7EE;A@E  -B FA F:;E BA;@F F34>7E GE76 3>> F:7 63F3 I;F: F:7 7CG;H3>7@F F34>7 D7EFD;5F;@9 3FF7@F;A@ FA 3557BF76 AU7DE ;@ F:7 BB7@6;J ,:7 36H3@F397 A8 GE;@9 3>> AU7DE ;E ?3;@>K ;@5D73E76 E3?B>7 E;L7 3E I7>> 3E F:7 835F F:3F 5A@5>GE;A@E 3D7 @AF ?3F7D;3>>K 3U75F76 GE;@9 A@>K 3557BF76 AU7DE ,:7 D73EA@ 8AD F:7 5:3@97 A8 8A5GE :7D7 FA A@>K 3557BF76 AU7DE ;E F:3F BDABAE7D BAI7D I:;5: ;E I:3F F:;E F34>7 ;E GE76 FA EFG6K ;E A@>K D7>7H3@F FA F:7 7JF7@F F:3F ;F 53@ 47 7J7D5;E76 "8 BDABAE7DE 3E= 8AD 3 >AF 4GF F:7;D AU7DE 3D7 D7<75F76 F:7@ F:7K 6A @AF :3H7 BDABAE7D BAI7D.

(250) .

(251) G697F +:3D7 . . . . . . )G4>;5. )D;H3F7 FA. AA6. )DABAE7D. )3KAUE )DABAE7D. *7EBA@67DE. ++).

(252).   .   . H7D397 >>. . .   .   . H9 C ,KB7.

(253).   .   . ++). . 

(254) .  .  . H7D397 >>.  . . 

(255)  . 

(256) 

(257). H9 C ,KB7. .

(258)

(259)

(260). 

(261)  

(262). 

(263)  . ++). . 

(264) .  . 

(265) . H7D397 >>. . . 

(266) 

(267) . 

(268) 

(269) . H9 C ,KB7. .

(270) . 

(271) 

(272) . 

(273)  . ++). .  . 

(274)  .  . H7D397 >>. . . 

(275)  .  . H9 C ,KB7. .

(276) . 

(277)  .  . ++). .   .  . H7D397 >>.

(278) . 

(279) . 

(280)  .  . H9 C ,KB7. . . 

(281)  .  . ++)  BD76;5F76 G@67D F:7 EF3F;A@3DK EG493?7 B7D875F 7CG;>;4D;G? H7D397 >>  3H7D397E 8AD 3>> 3557BF76 AU7DE H9 C ,KB7  3H7D397E 8AD 7CG;>;4D;G? FKB7 AU7DE . H7D397 AH7D 3>>  D7EBA@67DE 7H7@ I:7@ >7EE F:3@  EG4<75FE 3D7 3>>A53F76 EFD;5F>K BAE;F;H7 3?AG@FE. ,34>7  ,:7AD7F;53> )D76;5F;A@E 3@6 (4E7DH76 H7D397E 8AD 557BF76 (U7DE.

(282) .

(283) &/ 3D7 47;@9 AU7D76 A5GE;@9 A@ BDABAE7D BAI7D F:7 3H7D397 B3KAU 6;U7D7@57 47FI77@ BDABAE7DE 3@6 D7 EBA@67DE ;E      

(284)   3@6  8AD F:7  7CG3> FA     3@6  FD73F?7@FE D7EB75F;H7>K A@6;F;A@;@9 A@ F:7 AU7D 47;@9 3@ 7CG;>;4D;G? FKB7 AU7D F:7 6;U7D7@57E 3D7       3@6 

(285)  8AD  7CG3> FA   3@6  3@6   ,)# F:7 &/ 8AD   

(286)  (F:7D F:3@ 8AD 3>> BDABAE3>E I;F:     F:7 :;9:7D B3KAUE A8 BDA BAE7DE 3D7 3>> EF3F;EF;53>>K E;9@;N53@F B 

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

(288) 3E BD76;5F76 +75A@6 F:7D7 ;E EA?7 BDABAE7D BAI7D ;@ 4AF: F:7 ?;J76 D79;A@ 3@6 ;@ F:7 3>> BD;H3F7 9AA6E D79;A@ 3@6 F:;E ;@5D73E7E 3E  ;@5D73E7E ,:;D6 F:7 E:3D7 A8 F:7 4G697F 3>>A53F76 FA BG4>;5 9AA6E 675D73E7E 9A;@9 8DA?    FA   

(289) 3@6 8DA?   

(290) FA   

(291) ,:7D7 3D7 :AI7H7D 8AGD ?3;@ 67H;3F;A@E 8DA? F:7 F:7ADK ;DEF F:7 7JF7@F FA I:;5: BDABAE7D BAI7D ;E 7J7D5;E76 ;E 83D 8DA? I:3F ;E BD76;5F76 ;@ F:7 ++) +75A@6 ;@ F:7   

(292) FD73F?7@F F:7 ?A63> AU7D ;E 3@ 3>> BG4>;5 9AA6E AU7D ,:;D6 ;@ F:7   

(293) FD73F?7@F F:7 ?A63> AU7D ;@ F:7 >3EF F:D77 DAG@6E 5A@E;EFE A8 3@ 7CG;>;4D;G? FKB7 AU7D 4GF F:;E ;E @AF F:7 53E7 I:7@ 3>> DAG@6E 3D7 5A@E;67D76 AGDF: F:7 8D35F;A@ A8 D7EAGD57E 3>>A53F76 FA BG4>;5 9AA6E 675D73E7E 3E  ;@5D73E7E I;F:;@ F:7 ?;J76 D79;A@ "@ F:7 @7JF E75F;A@ I7 8A5GE A@ F:7E7 6;U7D7@57E 8DA? 7CG;>;4D;G? BD76;5F;A@E I;F:;@ F:7 ?;J76 D79;A@ (8 B3DF;5G>3D ;@F7D7EF ;E F:7 835F F:3F F:7 8D35F;A@ A8 D7EAGD57E 3>>A53F76 FA BG4>;5 9AA6E 675D73E7E 3E  ;@5D73E7E 3E F:;E 5A@FD36;5FE A@7 A8 F:7 =7K 5A?B3D3F;H7 EF3F;5 BD76;5F;A@E A8 F:7 ?A67> JB7D;7@57 I;F: 7JB7D;?7@F3> AGF5A?7E :3E F3G9:F GE 3@6 ?AEF A8 F:7 BDA87EE;A@ F:3F F:7 ?3;@ 9D3H;F3F;A@3> 8AD57E ;@:7D7@F ;@ 3@K 9;H7@ ?A67> I;>> A8F7@ 47 3F B>3K 7H7@ F:AG9: F:7 BA;@F BD76;5F;A@E A8 F:7 ?A67> 3D7 @AF E3F;EN76.

(294) .

(295) 'G?47D A8 +G4<75FE (U7D76 )D;H3F7 >>A53F;A@E.

(296). . . .   .  . . . . .

(297) .   

(298).

(299)

(300). . .

(301) . .

(302) .   

(303)

(304). . . . . . .   

(305). . . . 

(306). . 

(307).   

(308). . . . . . . ,34>7  ,KB7E A8 )DABAE3>E ;@ *AG@6

(309) !AI7H7D 4D73=6AI@E ;@ 5A?B3D3F;H7 EF3F;5 BD76;5F;A@E 3D7 D3D7D 3@6 3D7 EG997EF;H7 A8 ?AD7 8G@63?7@F3> 67N5;7@5;7E EA F:3F I7 F3=7 F:7? ?G5: ?AD7 E7D;AGE>K. . -!+!&%* )&$ (,!#!)!,$ )!+!&%* !% +  !/ !&%. ,:;E E75F;A@ 7>34AD3F7E A@ F:7 ?3;@ 835FADE I7 47>;7H7 G@67D>;7 F:7 B3G5;FK A8 7CG;>;4D;G? FKB7 BDABAE3>E I;F:   

(310) 3@6 

(311)  3E I7>> 3E F:7 83;>GD7 A8 BG4>;5 9AA6 3>>A53F;A@E FA ;@5D73E7 I;F:;@ F:7 ?;J76 D79;A@ ;DEF 8AD 3>> H3>G7E A8  I;F:;@ F:7 ?;J76 D79;A@ B>3K7DEP NDEF ;?BG>E7 ;E #$) FA BDAH;67 7CG;>;4D;G? FKB7 3>>A53F;A@E ,:;E ;E E:AI@ ;@ ,34>7  I:;5: D7BADFE BDABAE3>E ;@ F:7 NDEF 43D93;@;@9 DAG@6 A8 735: FD73F?7@F ,:7E7 3H7D397

(312)  A8 3>> BDABAE3>E ;@ F:7 ?;J76 D79;A@ I:;5: ;E EG4EF3@F;3>>K >7EE F:3@ F:7 DAG@6 A@7 8D7CG7@5K A8 7CG;>;4D;G? FKB7 BDABAE3>E 8AD     AD 

(313) GDF:7D 3E E:AI@ ;@ ;9GD7

(314)  F:7D7 3D7 EF736K ;@5D73E7E ;@ F:7 8D7CG7@5K A8 7CG;>;4D;G? FKB7 3>>A53F;A@E 8AD 3>> H3>G7E A8  I;F:;@ F:7 ?;J76 D79;A@ I:;5: 3D9G34>K 3F >73EF 8AD   

(315)

(316) AD 

(317)  IAG>6 G>F;?3F7>K D7EG>F ;@ 8D7CG7@5;7E A8 7CG;>;4D;G? FKB7 3>>A53F;A@E >;=7 F:AE7 D7BADF76 8AD     3@6 

(318) 3E EG4<75FE 93;@76 ?AD7 7JB7D;7@57 "@ F:;E 5A@F7JF A@7 D73EA@ I:K F:7 8D7CG7@5K A8 7CG;>;4D;G? FKB7 3>>A53F;A@E ;@ DAG@6E

(319) 3@6 34AH7 I;F:;@ F:7 ?;J76 D79;A@ 3D7 >7EE F:3@ F:AE7 8AG@6 I;F:     AD 

(320) ;E F:3F F:7K :3H7 83D ?AD7 9DAG@6 FA ?3=7 GB 5A?B3D76 FA F:7E7 AF:7D FD73F?7@FE "@ 366;F;A@ FA ;@;F;3> F7@67@5;7E HAF;@9 B3FF7D@E A8 D7EBA@67DE B>357 E;9@;N53@F 5A@ EFD3;@FE A@ I:3F =;@6E A8 BDABAE3>E I;>> 47 B3EE76 "@ B3DF;5G>3D HAF;@9 47:3H;AD >;?;FE F:7 3?AG@F A8 BDABAE7D BAI7D F:3F 53@ 47 7J7D5;E76 ,34>7  E:AIE F:;E I:7D7 HAF7E 3D7 D79D7EE76 A@ AI@ B3KAUE 3E I7>> 3E B3KAUE FA F:7 BDABAE7D HAF7E A8 BDABAE7DE 3D7 7J5>G676 8DA? F:7E7 D79D7EE;A@E F:7 F34>7 3>EA D7BADF F:7 7EF;?3F7E A8  67N@76 3E

(321) .     . I:7D7  .

(322) .9 .8 .7 .6 .5 .4 .3 .2 .1 1. 2. 3. 4. 5. 6. Alpha = 0.3 Alpha = 0.55 Alpha = 0.75. 7 Period. 8. 9. 10. 11. 12. Alpha = 0.45 Alpha = 0.65. ;9GD7

(323)  D35F;A@ A8 CG;>;4D;G? ,KB7 (U7DE. ;E F:7 H3D;3@57 A8 F:7 EG4<75F EB75;N5 D3@6A? 7U75FE  (I@ B3KAU ;E E;9@;N53@F ;@ 7H7DK FD73F?7@F !AI7H7D 8AD F:7 ?;J76 D79;A@ F:7 BDABAE7DPE B3KAU :3E 3 @793F;H7 ;?B35F A@ F:7 >;=7>;:AA6 F:3F 3 BDABAE3> I;>> 47 3557BF76 ,:;E >;?;FE F:7 34;>;FK A8 BDABAE7DE FA 7JB>A;F F:7;D BAI7D ,:;E ;E 7EB75;3>>K FDG7 8AD F:7   

(324) 3@6 

(325)

(326) FD73F?7@FE ,:7E7 HAF;@9 B3FF7D@E ;?B35F F:7 9DAIF: A8 3E I7>> 3E F:7 @3FGD7 A8 7CG;>;4D;G?FKB7 3>>A53F;A@E F:3F I;>> B3EE ;@ F:7 ?;J76 D79;A@ "@ B3DF;5G>3D F:7K 9A 3 >A@9 I3K FA 355AG@F 8AD F:7 835F F:3F 8AD   

(327)  3>> BG4>;5 9AA6 3>>A53F;A@E 9DAI 83EF7D F:3@ 7CG;>;4D;G? FKB7 3>>A53F;A@E 8DA?

(328)

(329) ;@ DAG@6

(330) FA  ;@ DAG@6E

(331) 3@6 34AH7 H7DEGE

(332)

(333) FA  8AD 7CG;>;4D;G? FKB7 3>>A53F;A@E /;F:   

(334) F:7 3H7D397 B3KAU FA BDABAE7DE 8AD 7CG;>;4D;G? FKB7 3>>A53F;A@E F:3F B3EE 3H7D3976   ?AD7 F:3@ 8AD 3@ 3>> BG4>;5 9AA6 3>>A53F;A@ 

(335)  

(336) H7DEGE 

(337)   ,:;E E?3>> ;@5D73E7 ;@ BDABAE7DEP B3KAUE 53DD;7E I;F: ;F 5A@E;67D34>K 9D73F7D D;E= A8 D7<75F;A@ 3E

(338)  A8 7CG;>;4D;G? FKB7 3>>A53F;A@E 3D7 D7<75F76 8AD   

(339) 3E ABBAE76 FA #$ D7<75F;A@E A8 3@ 3>> BG4>;5 9AA6 3>>A53F;A@ ,:GE 8AD   

(340)  F:7D7 ;E >;FF>7 FA 47 93;@76 8DA? 3@ 7CG;>;4D;G? FKB7 3>>A53F;A@ I;F: ;FE 3FF7@63@F D;E= A8 D7<75F;A@ 3@6  E. EG5:  ?73EGD7E F:7 7JF7@F A8 F:7 ;@6;H;6G3> EG4<75F 7U75FE  :3E 3 ?;@;?G? H3>G7 A8 @A ;@6;H;6G3>. EG4<75F 7U75FE 3@6 3 ?3J;?G? H3>G7 A8

(341) 3>> F:7 H3D;3@57 ;@ F:7 7DDAD ;E 7JB>3;@76 4K ;@6;H;6G3> EG4<75F 7U75FE.

(342) .

(343) (I@ )3KAU )3KAU FA F:7 )DABAE7D A@EF3@F .   .   

(344).   

(345)

(346).   

(347).   

(348).

(349)  .  

(350) .  . . .  .  

(351) .  .  . 

(352) .  . 

(353) .  .  .  .  .  . 

(354)  . 

(355) .  .  

(356) .  .  

(357) . 

(358) .  .   . 

(359) .  

(360) .  .  

(361) . . . . . . . . . . 

(362) . 

(363)

(364) .  .  .  . (4E7DH3F;A@E. .  . .  . . 'G?47D A8 EG4<75FE. . . . . . +F3@63D6 7DDADE ;@ B3D7@F:7E7E  E;9@;N53@F 3F

(365)   E;9@;N53@F 3F   E;9@;N53@F 3F

(366)  . E;9@;N53@F 3F

(367) . . E;9@;N53@F 3F . . E;9@;N53@F 3F

(368) . GE;@9 3 >;=7>;:AA6 D3F;A F7EF. ,34>7  *3@6A? U75FE BDA4;F EF;?3F7E A8 F:7 7F7D?;@3@FE A8 .AF7. .

(369) 4G697F E:D;@=397 5A?B3D76 FA 3@ 3>> BG4>;5 9AA6 3>>A53F;A@ "@ 5A@FD3EF I;F:   

(370)

(371) BDABAE7DE 73D@76 

(372)  ?AD7 F:3@ 3@ 3>> BG4>;5 9AA6 3>>A53F;A@ 3 EFDA@97D ;@57@F;H7 FA BDAH;67 7CG;>;4D;G? FKB7 BDABAE3>E F:3@ I;F:   

(373)  I;F: 7EE7@F;3>>K @A 6;U7D7@57 ;@ F:7 >;=7>;:AA6 A8 F:7E7 BDABAE3>E 47;@9 D7<75F76 3

(374)  D7<75F;A@ D3F7 I;F:   

(375)

(376)  I;F: F:7 3>> BG4>;5 9AA6 3>>A53F;A@ 5A@F;@G;@9 FA 47 B3EE76

(377)  A8 F:7 F;?7  AD   

(378) F:7 ?3;@ D;H3> FA 3@ 7CG;>;4D;G? FKB7 3>>A53F;A@ ;E A@7 ;@ I:;5: F:7D7 ;E 3 &/ I;F: 3>> BD;H3F7 9AA6E 3>47;F A@7 I;F: 3 D73EA@34>K >3D97 E:3D7 A8 F:7 4G697F 3>>A 53F76 FA BG4>;5 9AA6E 3E I7>> 3H7D39;@9  A8 F:7 4G697F ;@ DAG@6 A@7 8AD F:7E7 BDABAE3>E "F F3=7E BDABAE7DE EA?7 F;?7 FA N9GD7 AGF F:3F F:7K 53@ 97F ?AD7 8DA? 7CG;>;4D;G? FKB7 3>>A53F;A@E F:3@ &/ FKB7 3>>A53F;A@E I:;>7 3>EA :3H;@9 3 47FF7D 5:3@57 A8 F:7;D BDABAE 3>E 47;@9 3557BF76 

(379)   H7DEGE 

(380)   I;F:  A8 7CG;>;4D;G? FKB7 3>>A53F;A@E B3EE76 5A?B3D76 FA  A8 &/ 3>>A53F;A@E  ,:7 7HA>GF;A@ A8 7CG;>;4D;G? FKB7 BDABAE3>E AH7D F;?7 EG997EFE F:3F F:7K IAG>6 6A?;@3F7 8AD   

(381)

(382) 3@6 

(383)  4GF @AF 8AD   

(384) !AI7H7D A@>K >AA=;@9 3F 7CG;>;4D;G? FKB7 3>>A53F;A@E F:7 E:3D7 A8 F:7 4G697F 9A;@9 FA BG4>;5 9AA6E '( I;F:;@ F:7 ?;J76 D79;A@ 5A@FD3DK FA F:7 ?A67>PE BD76;5F;A@ ,:;E 53@ >3D97>K 47 355AG@F76 8AD 4K HAF;@9 B3FF7D@E I;F: BDABAE7DE 47EF D7EBA@6;@9 FA :AI BAF7@F;3> 5A3>;F;A@ B3DF@7DE I7D7 HAF;@9 ,:;E ;E E:AI@ G@67D FIA E57@3D;AE ;@ ,34>7  A>G?@

(385) E:AIE F:7 H3>G7 A8  I;F: 5A>G?@ D7BADF;@9 F:7 4G697F E:3D7 67HAF76 FA F:7 BG4>;5 9AA6 F:3F IAG>6 >73H7 F:7 ?76;3@ HAF7D ;@6;U7D7@F 47FI77@ 3557BF;@9 AD D7<75F;@9 3 BDABAE3> 3@6 5A>G?@  F:7 4G697F E:3D7 F:3F IAG>6 :3H7 ?3J;?;L76 F:7 BDABAE7DE 7JB75F76 B3KAU  A>G?@  E:AIE F:7 3H7D397 4G697F E:3D7 35FG3>>K 9A;@9 FA F:7 BG4>;5 9AA6 8AD 7CG;>;4D;G? FKB7 3>>A53F;A@E 8AD B7D;A6E

(386) 3@6 34AH7 I;F: 5A>G?@  F:7 4G697F E:3D7 G@67D F:7 ++) )7D:3BE F:7 ?AEF EFD;=;@9 3EB75F A8 ,34>7  ;E F:7 6;U7D7@57 ;@ BG4>;5 9AA6 >7H7>E 47FI77@ F:7 ++) 3@6 7;F:7D F:7 ?76;3@ HAF7D AD H3>G7 ?3J;?;L;@9 3>>A53F;A@E 8AD   

(387) 3@6 

(388)

(389)  I;F: 35FG3> BG4>;5 9AA6 >7H7>E EG4EF3@F;3>>K :;9:7D F:3@ BD76;5F76 ,:;E D7O75FE F:7 835F F:3F F:7 ++) BD76;5F;A@ 53>>E 8AD EG4EF3@F;3>>K ?AD7 ;@5A?7 ;@7CG3>;FK 47FI77@ BDABAE7DE 3@6  H7D397. B3KAUE FA BDABAE7DE 8AD BDABAE3>E F:3F B3EE76 3D7 4;3E76 6AI@I3D6 5A?B3D76 FA B3KAUE 8AD. BDABAE3>E F:3F I7D7 HAF76 A@  4GF @AF 4K ?G5:. ,:7 >3FF7D 3H7D3976 

(390)  

(391)  

(392)   3@6 

(393)   8AD.    . 3@6  D7EB75F;H7>K 5A?B3D76 FA 

(394)  

(395)  

(396) 

(397)  3@6 

(398)   8AD BDABAE3>E F:3F B3EE76  ,:7 E:3D7 F:3F IAG>6 >73H7 F:7 ?76;3@ HAF7D ;@6;U7D7@F ;E A4F3;@76 8DA? F:7 HAF;@9 D79D7EE;A@E ,A 5A?BGF7 F:7 AU7D F:3F ?3J;?;L7E F:7 BDABAE7DE 7JB75F76 B3KAU I7 GE7 )3KAU ;8 3557BF76)DA434;>;FK A8 3557BF3@57

(399) H7D397 )3KAU I:7D7 F:7 E75A@6 F7D? 3BBDAJ;?3F7E F:7 5A@F;@G3F;A@ H3>G7 A8 F:7 93?7 3@6 BDA434;>;FK A8 3557BF3@57 ;E F3=7@ 8DA? F:7 HAF;@9 D79D7EE;A@E.

(400).

(401) . 5FG3>. )D76;5F76.  . 

(402) .  .  .  .  .  .  .  .  .  . &76;3@ .AF7D. &3J .. "@6;U7D7@F. )DABAE7D. 

(403).  . 

(404)

(405) 

(406) . CG;>;4D;G? FKB7 BDABAE3>E A@>K DAG@6E . ,34>7  G697F +:3D7 >>A53F76 FA )G4>;5. AA6. D7EBA@67DE F:3@ ;E 35:;7H34>7 G@67D 7;F:7D E57@3D;A  ;@5A?7 6;U7D7@57E A8 AH7D 

(407)

(408) ;@ 4AF: 53E7E I;F: BDABAE7DE 73D@;@9 ?AD7 F:3@ FI;57 3E ?G5: 3E F:AE7 F:7K IAG>6 47 5AG@F;@9 A@ FA HAF7 ;@ 83HAD A8 EG5: BDABAE3>E ,:;E ;E 3 >7H7> A8 ;@5A?7 ;@7CG3>;FK F:3F IAG>6 EF3@6 >;FF>7 ;8 3@K 5:3@57 A8 B3EE;@9 B 

(409) 8AD   

(410) 3@6 B   8AD   

(411)

(412)  3@6 I:;5: H;DFG3>>K @7H7D EGD83576 ;@ F:7 BDABAE76 3>>A53F;A@E >F7D@3F;H7>K 5A@E;67D F:7 7JFD7?7 E57@3D;A A8 E;?B>K =77B;@9 BG4>;5 9AA6 BDAH;E;A@ 3F F:7 (" >7H7>   D7CG;D76 FA =77B F:7 ?76;3@ HAF7D ;@6;U7D7@F I;F:   

(413)  8AD >AI7D H3>G7E A8  ,:7 HAF;@9 D79D7EE;A@E ;@6;53F7 F:3F EG5: 3 BDABAE3> IAG>6 :3H7 :36 3   5:3@57 A8 B3EE;@9 I;F:   

(414)

(415)  I;F: 3@ 7JB75F76 B3KAU FA F:7 BDABAE7D ;8 B3EE76 A8   "@ 53E7 A8 D7<75F;A@ I;F: F:7 93?7 5A@F;@G;@9 3@6    3 D73EA@34>7 GBB7D 4AG@6 8AD I:3F F:7 BDABAE7D ?;9:F 7JB75F 38F7D D7<75F;A@ ;E 

(416)   5A?B3D76 FA E7FF>;@9 8AD 3@ 3>> BG4>;5 9AA6 3>>A53F;A@ ;@ F:7 NDEF B>357 A8 

(417)   I;F: 3>> BG4>;5 9AA6 3>>A53F;A@E !,.( B3EE;@9  ,:GE 9;H7@ :AI B>3K7DE I7D7 HAF;@9 BDABAE7DE IAG>6 :3H7 :36 FA 47 D73EA@34>K EFDA@9 D;E= F3=7DE 8AD BG4>;5 9AA6 E:3D7E D7?3;@;@9 5A@EF3@F @A >7EE 675D73E;@9 ;@ 9A;@9 8DA?   

(418) FA   

(419)

(420) @6 F:7K IAG>6 :3H7 :36 FA 47 7H7@ ?AD7 D;E= >AH;@9 FA =77B BG4>;5 9AA6 E:3D7E 5A@EF3@F ;@ ?AH;@9 FA   

(421) . E EG5: F:7D7 I3E :3D6>K 3@K DAA? 8AD BG4>;5 9AA6 E:3D7E FA ;@5D73E7 3E . ;@5D73E76 I;F:;@ F:7 ?;J76 D79;A@ D7O75F;H7 A8 F:7 >AI >7H7>E A8 BDABAE7D BAI7D ;67@F;N76 ;@ 73D>;7D  HAF;@9 93?7 7JB7D;?7@FE I;F: A@>K BD;H3F7 9AA6E ,:7E7 >AI >7H7>E A8 BDABAE7D BAI7D 3D7 ;@ FGD@ D7O75F;H7 A8 3 4D73=6AI@ ;@ F:7 3EEG?BF;A@ G@67D>K;@9 F:7 ++) F:3F A@>K AI@ ;@5A?7 ?3FF7DE  ,:7. 

(422)  5A?7E 8DA? 3@ 3>> BG4>;5 9AA6 3>>A53F;A@ I:;5: ;E 9D73F7D F:3@ F:7 7JB75F76 H3>G7 A8 F:7. ++) 3>>A53F;A@ F:7 3H7D397 35FG3> 3>>A53F;A@ AD F:7 3H7D397 7CG;>;4D;G? FKB7 3>>A53F;A@ /;F: 3>> B3KAUE ?G>F;B>;76 . .

(423) . !*,**!&%. "@ F:7 53E7 I:7D7   

(424) F:7 D7EG>FE D7BADF76 :7D7 3D7 E;?;>3D FA D7EG>FE D7BADF76 ;@ BD7H;AGE 7JB7D;?7@FE ;@H7EF;93F;@9 F:7 3DA@7D7<A:@ ?A67> /;F:   

(425) F:7 F:7ADK 53>>E 8AD 3@ 3>> BD;H3F7 9AA6E 3>>A53F;A@ I;F:;@ 3 &/ I:;5: ;E F:7 ?A63> AGF5A?7 A4E7DH76 ,:7D7 ;E EA?7 >73D@;@9 ;@HA>H76 3E F:7 8D7CG7@5K A8 &/E ;E ;@5D73E;@9 F:DAG9:AGF 3 E7EE;A@ ,:7 8D7CG7@5K A8 &/E ;E H7DK E;?;>3D FA D7EG>FE 8DA? BD;AD 7JB7D;?7@FE A@ ?G>F;>3F7D3> 43D93;@;@9 I;F: A@>K B3DF;5G>3D;EF;5 9AA6E AD 7J3?B>7 $&  4 D7BADF 47FI77@ 

(426)  3@6   &/E 67B7@6;@9 A@ F:7 FD73F?7@F I;F: 5A??;FF77E >79;E>3FGD7E A8  EG4<75FE 3@6 $&  3 D7BADF 47FI77@  3@6  &/E 67B7@6;@9 A@ F:7 FD73F?7@F I;F: 5A??;FF77E >79;E>3FGD7E A8  EG4<75FE !7D7 FAA F:7 8D7CG7@5K A8 &/E 9DAIE ?AD7 AD >7EE 5A@F;@GAGE>K F:DAG9:AGF 3 E7EE;A@ /;F:;@ F:7 &/ BDABAE7DE A4F3;@ E;9@;N53@F>K ?AD7 BD;H3F7 9AA6E F:3@ F:7;D 5A3>;F;A@ B3DF@7DE I:;5: ;E CG3>;F3F;H7>K I:3F F:7 F:7ADK BD76;5FE 4GF F:7K A4F3;@ ?G5: >7EE F:3@ F:7 ++) BD76;5FE ,:7 >7H7> A8 BDABAE7D BAI7D A4E7DH76 I;F:   

(427) ;E 5>AE7 FA I:3F :3E 477@ A4E7DH76 ;@ BD7H;AGE >79;E>3F;H7 43D93;@;@9 7JB7D;?7@FE I;F: 3>> B3DF;5G>3D;EF;5 9AA6E !7D7 BDABAE7DPE F3=7 ;@ 3 &/ ;E 34AGF  A8 F:7 D7EAGD57E I:;>7 ;@ $% 3@6 $&  3 BDABAE7DE F3=7 34AGF   A8 F:7 D7EAGD57E G@67D 5A?B3D34>7 BDA576GD7E  ,IA 366;F;A@3> D7EG>FE N@6 3 B3D3>>7> ;@ AGD 73D>;7D EFG6;7E A8 F:7  ?A67> ;DEF ?AEF 43D93;@;@9 DAG@6E 7@6 ;@ EF397

(428) ,:3F D7EG>F :3E 477@ A4E7DH76 ;@ 3>> A8 AGD BD;AD 7JB7D;?7@FE +75A@6 F:7 835F F:3F F:7 BDABAE7DPE E:3D7 I:;5: ;E FKB;53>>K 9D73F7D F:3@ F:7 E:3D7E AU7D76 FA 5A3>;F;A@ B3DF@7DE @793F;H7>K 3U75FE HAF;@9 :3E 3>EA 477@ A4E7DH76 ;@ A@7 AD ?AD7 FD73F?7@FE ;@ BD7H;AGE EFG6;7E A8 F:7  ?A67> $% $&3 4 ,:7 ?;J76 D79;A@ I:7D7 4AF: BG4>;5 3@6 BD;H3F7 9AA6E 3D7 BDAH;676 ;E D7>3F;H7>K @3DDAI I;F:;@ F:7 F:7ADK "F 3BB73DE F:3F ;F ;E 7H7@ @3DDAI7D 47:3H;AD3>>K 3E ; F:7 ?A63> 5:A;57 <GEF 5A?;@9 AGF A8 F:7 3>> BG4>;5 9AA6E D79;A@   

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