Why the rich are nastier than the poor: A note on optimal punishment

Studying evolutionarily successful behavior we show in a general framework that when individuals maximizing payoff differentials invest resources in punishing others. Interestingly, these investments are increasing in individuals, own wealth and decreasing in the wealth of others.

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Year of publication:	1998
Authors:	Huck, Steffen ; Müller, Wieland
Institutions:	Sonderforschungsbereich 373, Quantifikation und Simulation ökonomischer Prozesse, Wirtschaftswissenschaftliche Fakultät

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Extent:	application/pdf
Series:	SFB 373 Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Number 1998,8
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010983412