Public goods game with ambiguous threshold

C-Tier
Journal: Economics Letters
Year: 2020
Volume: 191
Issue: C

Authors (2)

Kishishita, Daiki (University of Tokyo) Ozaki, Hiroyuki (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

Various collective action problems can be described as a discrete public goods game with a threshold. In this game, players may be reluctant to contribute to the provision of public goods when the threshold value is uncertain. We derive equilibria when players face ambiguity (i.e., Knightian uncertainty) on the threshold value by using Choquet expected utility. Furthermore, we show that in a class of neo-additive capacities, an increase in ambiguity decreases the equilibrium maximal number of contributors, irrespective of players’ ambiguity-attitudes. This contrasts to what McBride (2006) shows when the probability distribution is known.

Technical Details

RePEc Handle
repec:eee:ecolet:v:191:y:2020:i:c:s0165176520301282
Journal Field
General
Author Count
2
Added to Database
2026-01-25