Showing 1 - 10 of 15
monitors'). We review the literature on the relative merits of punishment and rewards when the distribution of incentive power … evidence showing how concentrating reward/punishment power in one group member affects cooperation. …
Persistent link: https://www.econbiz.de/10009578208
inclinations. The third pillar are sanctions meted out to anyone who does not cooperate; ideally punishment can work as a mere … findings, in particular with regard to punishment behaviour. The chapter concludes with remarks on future research. …
Persistent link: https://www.econbiz.de/10010257224
This paper investigates the efficacy of a punishment mechanism in promoting cooperative behaviour in a public goods … game when enforcement of punishment is uncertain. Experimental studies have found that a sanctioning system can induce … view that punishment needs to be exercised to be feared, otherwise the simple threat of it cannot be effective in promoting …
Persistent link: https://www.econbiz.de/10003990188
We experimentally investigate a repeated "inspection game" where, in the stage game, an employee can either work or shirk and an employer simultaneously chooses to inspect or not inspect. Combined payoffs are maximized when the employee works and the employer does not inspect. However, the...
Persistent link: https://www.econbiz.de/10009578200
heterogeneity with respect to two dimensions: capability and valuation. Our results reveal that with and without punishment …
Persistent link: https://www.econbiz.de/10009578217
We experimentally investigate a repeated "inspection game" where, in the stage game, an employee can either work or shirk and an employer simultaneously chooses to inspect or not inspect. The unique equilibrium of the stage game is in mixed strategies with positive probabilities of...
Persistent link: https://www.econbiz.de/10010340303
We study the relative effectiveness of contracts that are framed either in terms of bonuses or penalties. In one set of treatments subjects know at the time of effort provision whether they have achieved the bonus / avoided the penalty. In another set of treatments subjects only learn the...
Persistent link: https://www.econbiz.de/10011434361
This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Stricter enforcement reduces the...
Persistent link: https://www.econbiz.de/10011456848
: that altruistic punishment can sustain cooperation. This paper extends their model in order to explain such recent findings …. It focuses on fear of punishment, not punishment itself, as the key mechanism to sustain contributions to the public good … differs, on average, in less than 5% compared to relevant experiments with punishment in the lab. …
Persistent link: https://www.econbiz.de/10011569202
This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm holds back information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Stricter enforcement reduces the...
Persistent link: https://www.econbiz.de/10011571871