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