The value of private versus public risk and pure altruism: an experimental economics test

C-Tier
Journal: Applied Economics
Year: 2013
Volume: 45
Issue: 9
Pages: 1089-1097

Authors (3)

Score contribution per author:

0.335 = (α=2.01 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

In 1996, Johannesson <italic>et&#xA0;al</italic>. published a paper entitled &#x2018;The Value of Private Safety versus the Value of Public Safety&#x2019;. Based on the preliminary evidence from a hypothetical contingent valuation study for public and private safety, these authors argue that consumers behave as &#x2018;pure altruists&#x2019; who consider the cost of a program that might be imposed on other voters when they determine their maximum willingness-to-pay for public safety programs. The authors conclude that further empirical research in this area is warranted. This article presents a set of laboratory economics experiments to test Johannesson <italic>et&#xA0;al</italic>.'s conjecture under controlled conditions in which participants face an actual risk of financial loss. The laboratory results extend those of Johannesson <italic>et&#xA0;al</italic>.'s, providing strong evidence of pure altruism in coercive settings involving public risks.

Technical Details

RePEc Handle
repec:taf:applec:45:y:2013:i:9:p:1089-1097
Journal Field
General
Author Count
3
Added to Database
2026-01-26