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Public-good provision with macro uncertainty about preferences : efficiency, budget balance, and robustness

Hellwig, Martin - 2021

mechanism of d'Aspremont and Gérard-Varet is shown to implement an effi cient provision rule with budget balance. However, first … mechanism is independent of the stochastic specification within the class of specifications defined by the structure of the …-Groves mechanism converges to zero in probability when the number of participants becomes large. In the limit, with a continuum of …

Persistent link: https://www.econbiz.de/10012657865

Regulatory risk under optimal incentive regulation

Strausz, Roland - 2009

The paper provides a tractable, analytical framework to study regulatory risk under optimal incentive regulation. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as...

Persistent link: https://www.econbiz.de/10003796198

Regulatory risk under optimal incentive regulation

Strausz, Roland - 2009

The paper provides a tractable, analytical framework to study regulatory risk. Regulatory risk is captured by uncertainty about the policy variables in the regulator's objective function: weights attached to profits and costs of public funds. Results are as follows: 1) The regulator's reaction...

Persistent link: https://www.econbiz.de/10003850166

On the impact of risky private and public returns in the private provision of public goods : the case of social investments

Freundt, Jana; Lange, Andreas - 2019

We use a laboratory experiment to identify the impact of risk in the private and public dimensions of social investments. In variants of a public good game, we separate the return a subject's investment generates for herself vs. the return to others. We find a detrimental effect of risk on...

Persistent link: https://www.econbiz.de/10011958821

All it takes is one : the effect of weakest-link and summation aggregation on public good provision under threshold uncertainty

Carlsson, Frederik; Ek, Claes; Lange, Andreas - 2021

, threshold uncertainty does not affect contributions under summation. We demonstrate non-binding pledges as one mechanism to …

Persistent link: https://www.econbiz.de/10012696938

Technology transfers for climate change

Elsayyad, May; Morath, Florian - 2013

This paper considers investments in cost-reducing technology in the context of contributions to climate protection. Contributions to mitigating climate change are analyzed in a two-period model where later contributions can be based on better information, but delaying the contribution to the...

Persistent link: https://www.econbiz.de/10010223047

Punishment despite reasonable doubt : a public goods experiment with uncertainty over contributions

Grechenig, Kristoffel; Nicklisch, Andreas; Thöni, Christian - 2010

Under a great variety of legally relevant circumstances, people have to decide whether or not to cooperate, when they face an incentive to defect. The law sometimes provides people with sanctioning mechanisms to enforce pro-social behavior. Experimental evidence on voluntary public good...

Persistent link: https://www.econbiz.de/10008738323

Does risk communication really decrease cooperation in climate change mitigation?

Bravo, Giangiacomo; Farjam, Mike; Nikolaychuk, Olexandr - 2017

Effective communication of risks involved in the climate change discussion is crucial and despite ambitious protection policies, the possibility of irreversible consequences actually occurring can only be diminished but never ruled out completely. We present a laboratory experiment that studies...

Persistent link: https://www.econbiz.de/10011738574

Legal uncertainty as a welfare enhancing screen

Lang, Matthias - 2016

Consider legal uncertainty as uncertainty about the legality of a specific action. In particular, suppose that the threshold of legality is uncertain. I show that this legal uncertainty raises welfare. Legal uncertainty changes deterrence in opposite directions. The probability of conviction...

Persistent link: https://www.econbiz.de/10011557794

Reducing strategic uncertainty increases group protection in collective risk social dilemmas

Steimanis, Ivo; Struwe, Natalie; Benda, Julian; Blanco, … - 2025 - This version: February 11, 2025

Interrelated global crises - climate change, pandemics, loss of ecosystem services and biodiversity - pose risks that demand collective solutions. Uncertainty about others' behavior, coupled with the dependence on some to take collective efforts to mitigate risks for all (e.g. conservation of...

Persistent link: https://www.econbiz.de/10015271363