IDEAS home Printed from https://ideas.repec.org/a/taf/apeclt/v26y2019i17p1434-1438.html
   My bibliography  Save this article

The role of risk aversion in public goods dilemmas with environmental uncertainty: an experimental analysis

Author

Listed:
  • Erdem Seçilmiş

Abstract

The purpose of this study is to extend earlier research on environmental uncertainty in public goods dilemmas. The present paper reports the results of an experiment designed to examine the effect of risk aversion on public goods provision. A von Neumann–Morgenstern utility function with constant coefficient of relative risk aversion is used to investigate the impact of risk attitudes within a threshold public goods environment. The outcome of the threshold public goods experiment shows that subjects are indifferent to the changes in environmental conditions. Additionally, the analysis indicates that risk aversion is a significant determinant of voluntary public goods contribution level.

Suggested Citation

  • Erdem Seçilmiş, 2019. "The role of risk aversion in public goods dilemmas with environmental uncertainty: an experimental analysis," Applied Economics Letters, Taylor & Francis Journals, vol. 26(17), pages 1434-1438, October.
    • Handle: RePEc:taf:apeclt:v:26:y:2019:i:17:p:1434-1438
    DOI: 10.1080/13504851.2019.1576852
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/13504851.2019.1576852
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/13504851.2019.1576852?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Peled, Yoav & Zemah-Shamir, Shiri & Israel, Alvaro & Shechter, Mordechai & Ofir, Eyal & Gal, Gideon, 2020. "Incorporating insurance value into ecosystem services assessments: Mitigation of ecosystem users’ welfare uncertainty through biological control," Ecosystem Services, Elsevier, vol. 46(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:apeclt:v:26:y:2019:i:17:p:1434-1438. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/RAEL20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.