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contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed … efficiency gains, the presence of risk and uncertainty about the public good's value is not detrimental to cooperation. This … ?nding casts doubt on the hypothesis that risk and uncertainty, per se, weaken people's willingness to contribute. …
Persistent link: https://www.econbiz.de/10010275042
environmental quality means financing depollution activities and uncertainty concerns its efficiency since it's not always clear or … certain what effects will result from a reduction of pollution. We show that if an agent is sufficiently risk averse … has two possible consequencies which depend on agent risk aversion. Therefore, understanding the implication of …
Persistent link: https://www.econbiz.de/10005042991
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game …. Whereas all groups succeeded in providing the public good when the exact value of the threshold was known, uncertainty was … generally detrimental for the public good provision. The negative effect of threshold uncertainty was particularly severe when …
Persistent link: https://www.econbiz.de/10013118207
We explored experimentally how threshold uncertainty affects coordination success in a threshold public goods game …. Whereas all groups succeeded in providing the public good when the exact value of the threshold was known, uncertainty was … generally detrimental for the public good provision. The negative effect of threshold uncertainty was particularly severe when …
Persistent link: https://www.econbiz.de/10013112586
examine the effect of imperfect information on contributions levels. To assess prior risk attitudes, individual valuations of … clear evidence of risk aversion, and of a negative relationship between the latter and willingness to cooperate. …
Persistent link: https://www.econbiz.de/10005765198
In the recent literature, several hypotheses have been put forward in order to explain the decline of contributions in repeated public good games. We present results of an experiment which allows to evaluate these hypotheses. The main characteristics of our experimental design are a variation of...
Persistent link: https://www.econbiz.de/10010272953
In this paper we examine voluntary contributions to a public good when the timing of contributions is endogenously determined by contributors, focusing on the simple quasi-linear setting with two players (Varian, 1994). We show that the move order that is predicted to emerge is sensitive to how...
Persistent link: https://www.econbiz.de/10010277464
In this paper we examine voluntary contributions to a public good, embedding Varian (1994)'s voluntary contribution game in extended games that allow players to choose the timing of their contributions. We show that predicted outcomes are sensitive to the structure of the extended game, and also...
Persistent link: https://www.econbiz.de/10010277509
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10010310565
Similar to Levati and Neugebauer (2001), a clock is used by which participants can vary their individual contributions for voluntarily providing a public good. As time goes by, participants either in(de)crease their contribution gradually or keep it constant. Groups of two poorly and two richly...
Persistent link: https://www.econbiz.de/10005252197