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• W1993243903 abstract "This paper experimentally investigates the effects of a costly punishment option on cooperation and social welfare in long, finitely repeated public good contribution games. In a perfect monitoring environment, increasing the severity of the potential punishment monotonically increases average net payoffs. In a more realistic imperfect monitoring environment, we find a U-shaped relationship. Access to a standard punishment technology in this setting significantly decreases net payoffs, even in the long run. Access to a severe punishment technology leads to roughly the same payoffs as with no punishment option, as the benefits of increased cooperation offset the social costs of punishing. (JEL C92, H41, K42)" @default.
• W1993243903 created "2016-06-24" @default.
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• W1993243903 date "2012-12-01" @default.
• W1993243903 modified "2023-10-05" @default.
• W1993243903 title "Imperfect Public Monitoring with Costly Punishment: An Experimental Study" @default.
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• W1993243903 doi "https://doi.org/10.1257/aer.102.7.3317" @default.
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