Using a specially designed experiment, we investigate whether and how interdependence in risk exposure i.e., risk taking by some members of a potential risk sharing group affecting not only their own but also their co-members risk exposure, affects both risk taking and ex post sharing. The...

We examine the motives that shape an NGO’s decision to diversify the activities it undertakes. We identify two primary motivations, namely the aim to reduce idiosyncratic risks related to future funding and the desire to gain private benefits. We incorporate both in a theoretical framework and...