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Title:Voluntary contributions with risky and uncertain marginal returns: The importance of the minimal value PDF Logo
Authors:Levati, Maria Vittoria
Morone, Andrea
Issue Date:2009
Series/Report no.:Jena economic research papers 2009,062
Abstract:Previous research indicates that risky and uncertain marginal returns from the public good significantly lower contributions. This paper presents experimental results illustrating that the effects of risk and uncertainty depend on the employed parameterization. Speci?cally, if the value of the marginal per capita return under the worst state of nature allows for some 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.
Subjects:Public goods experiments
Voluntary contributions
Risk
Uncertainty
JEL:C72
C92
D81
H41
Document Type:Working Paper
Appears in Collections:Jena Economic Research Papers, MPI für Ökonomik

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