Masclet, David; Noussair, Charles; Tucker, Steven; … - HAL - 2003
group's overall welfare (James S. Coleman, 1990). Norms require enforcement with a system of sanctions that penalize … deviations from acceptable behavior (George C. Homans, 1961). Formal sanctions include fines or restrictions implemented by a … legal system or private individuals that impose costs of money and time on the offender. However, informal sanctions such as …