On the voluntary provision of public goods under risk

Freundt, Jana; Lange, Andreas

doi:10.1016/j.socec.2021.101727

Cited by 5 publications

(2 citation statements)

References 49 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…We know less about how such signals interact with information provided over the risk level of project returns. In fact, in real-world CF, even if a project is successfully funded, it is still subject to the risk of not generating the promised returns [12], which might result from market acceptance [13], delayed compensations or even project failure [14]. For instance, about 75% of successfully funded projects on Kickstarter were delivered with a substantial delay, and around 4% were never delivered [15].…”

Section: Introductionmentioning

confidence: 99%

Ignorance is bliss? Information and risk on crowdfunding platforms

et al. 2023

View full text Add to dashboard Cite

This research examines the determinants of project success on crowdfunding platforms within a competitive context. We focus on the specific horizontal attributes of the project–attributes that do not affect the project returns but over which investors may have heterogeneous preferences–and on the project returns’ risk level. We run a laboratory experiment with several set-ups, where multiple projects compete for funding simultaneously and where potential investors operate in a quasi-continuous time. We find the horizontal attributes’ information affects project selection, while the risk level of the project returns affects the amount of collected funding.

show abstract

Section: Introductionmentioning

confidence: 99%

Ignorance is bliss? Information and risk on crowdfunding platforms

et al. 2023

View full text Add to dashboard Cite

show abstract

“…Freundt and Lange (2021) introduce the concept of a negatively correlated risk in the PGG but, very differently from our design, apply it to the riskiness of internal and external…”

mentioning

confidence: 99%

Cooperation is unaffected by the threat of severe adverse events in Public Goods Games

Bilancini¹,

Boncinelli²,

Nardi³

et al. 2023

Preprint

View full text Add to dashboard Cite

We study how cooperation in one-shot Public Goods Games with large group sizes is affected by the presence of a slight chance of severe adverse events. We find that cooperation is substantial, notwithstanding a low marginal return of contributions. The cooperation level is comparable to what is found in similar settings for small-sized groups. Furthermore, we find no appreciable effect of the threat of severe adverse events, whether their realization is independent across individuals, perfectly positively or negatively correlated. We conclude that cooperation in the Public Goods Game is unlikely to be affected by rare adverse events, independently of how risk is correlated across individuals.

show abstract

Cost-(in)effective public good provision: an experimental exploration

Chan,

Knowles,

Peeters

et al. 2023

Theory Decis

View full text Add to dashboard Cite

This paper investigates the determinants of cost-(in)effective giving to public goods. We conduct a pre-registered experiment to elucidate how factors at the institutional and individual levels shape individual contributions and the cost-effectiveness of those contributions in a novel public good game. In particular, we examine the role of consequential uncertainty over the value of public good contributions (institutional level) as well as individual characteristics like risk and ambiguity attitudes, giving type, and demographics (individual level). We find cost-ineffective contributions in all institutions, but total contribution levels and the degree of cost-ineffectiveness are similar across institutions. Meanwhile, cost-effectiveness varies by giving type—which is a novel result that is consistent with hypotheses we generate from theory—but other individual characteristics have little influence on the cost-effectiveness of contributions. Our work has important positive and normative implications for charitable giving and public good provision in the real world, and it is particularly germane to emerging online crowdfunding and patronage platforms that confront users with a multitude of competing opportunities for giving.

show abstract

On the voluntary provision of public goods under risk

Cited by 5 publications

References 49 publications

Ignorance is bliss? Information and risk on crowdfunding platforms

Ignorance is bliss? Information and risk on crowdfunding platforms

Cooperation is unaffected by the threat of severe adverse events in Public Goods Games

Cost-(in)effective public good provision: an experimental exploration

Contact Info

Product

Resources

About