Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5072274 | Games and Economic Behavior | 2013 | 13 Pages |
Abstract
⺠We experimentally test a 'legitimate punishment' institution within a public goods game framework and compare it to a classic (discretionary) punishment mechanism. ⺠Restrictions rule out antisocial punishment, a phenomenon which may undermine the scope for self-governance. ⺠We show that the introduction of legitimate punishment leads to higher cooperation and substantial efficiency gains. ⺠We also find that removing the information over high contributorsʼ choices is sufficient to generate a dramatic decline in cooperation rates and earnings.
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Authors
Marco Faillo, Daniela Grieco, Luca Zarri,