EXPERIMENTAL ANALYSIS OF RISK AND UNCERTAINTY IN PROVISIONING PRIVATE AND PUBLIC GOODS

C-Tier
Journal: Economic Inquiry
Year: 2009
Volume: 47
Issue: 1
Pages: 146-164

Authors (2)

LATA GANGADHARAN (Monash University) VERONIKA NEMES (not in RePEc)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

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

Abstract

This paper uses laboratory evidence from public goods games to examine how in payoff‐equivalent situations, decision makers contribute toward private or public goods when they are exposed to different kinds of risks and uncertainties in the provision of these goods. We find that location matters with subjects moving away from the environmental uncertainty in favor of strategic uncertainty when that uncertainty is located on the private good. When the uncertainty relates to the public good, subjects face both kinds of uncertainties on the same good, leading to a significant drop in contributions. An opportunity to reduce uncertainty increases cooperation. (JEL C90, D81, H41)

Technical Details

RePEc Handle
repec:bla:ecinqu:v:47:y:2009:i:1:p:146-164
Journal Field
General
Author Count
2
Added to Database
2026-01-25