problems have been neglected in the law and economics literature (especially outside the specific context of corruption). We … evidence on punishment preferences, in which subjects reveal a heterogeneous preference for punishing wrongdoers, our model … identifies circumstances in which “punitive” individuals (with stronger-than-average punishment preferences) will self …

In many auctions, the auctioneer is an agent of the seller. This delegation invites corruption. In this paper we … propose a model of corruption, examine how corruption affects the auction game, how the anticipation of corruption affects … that may prevent corruption, and compare them to the fee schedules employed by major auction houses. …

A simple auction-theoretic framework is used to examine symmetric litigation environments where the legal ownership of …

litigation costs and allow us to compute the pay-off matrix. We do not find evidence of a prisoner’s dilemma, given that the …

finding, discuss its applicability in war, litigation, and other settings, and test it in a laboratory experiment. We find …

support the deterrence hypothesis. Moreover, we also point to some puzzles which have not been satisfactorily solved so far …