Accounting for heterogeneous private risks in the provision of collective goods: Controversial compulsory contracting institutions in horizontal hydrofracturing

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• 作者：Benjamin Farrer^a ; ^{bdfarrer@knox.edu} ; Robert Holahan^b ; ^{rholahan@binghamton.edu} ; Olga Shvetsova^c ; ^{shvetso@binghamton.edu}
• 关键词：Institutional change ; Ex ante private risks ; Precautionary behavior ; Common-pool resources ; Technology ; Hydraulic fracturing
• 刊名：Journal of Economic Behavior & Organization
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：133
• 期：Complete
• 页码：138-150
• 全文大小：609 K
• 卷排序：133

文摘

Precautionary attitudes among a subset of a society may lead to the disagreement on the appropriateness of the public – political – provision of a public good. Under heterogeneity in private risks, some technological innovation could turn a stable institution into a source of conflict. We use horizontal hydrofracturing in New York as our empirical example.