Prosocial Risk-Taking: Growing the Pie or Increasing your Slice?

Nina Weber

No 399, ifo Working Paper Series from ifo Institute - Leibniz Institute for Economic Research at the University of Munich

Abstract: Many personally risky decisions, such as innovation and entrepreneurship, have the potential to increase overall welfare by creating positive externalities for society. Rewarding such prosocial risk-taking may be an important strategy in addressing societal challenges like, for example, the climate emergency, by promoting innovation that has positive externalities for the environment. A fundamental constraint for policy makers in rewarding such behaviour are however individuals’ distributive preferences. In this paper, I provide a theoretical framework and a first experimental test of how distributive preferences are affected by potential positive externalities of risky behaviour.

Keywords: Prosocial risk-taking; distributive preferences; fairness (search for similar items in EconPapers)
JEL-codes: C91 D62 D63 D81 (search for similar items in EconPapers)
Date: 2023
New Economics Papers: this item is included in nep-exp and nep-rmg
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