Externalities in appropriation: responses to probabilistic losses
Abstract
Using an appropriation game setting, we examine individual responses to changes in a groups’ vulnerability to a probabilistic loss (L) of a public good. The probabilistic loss parameter entails losing 10, 50 or 90% of the value of the public good that is maintained through cooperation, where the likelihood of the loss decreases in total group cooperation. By design, the expected marginal net benefits to an individual and the expected harm to...
Paper Details
Title
Externalities in appropriation: responses to probabilistic losses
Published Date
Feb 10, 2017
Journal
Volume
20
Issue
4
Pages
793 - 808
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