Guererk, Oezguer; Rockenbach, Bettina; Wolff, Irenaeus - Volkswirtschaftliche Fakultät, … - 2010
Considerable experimental evidence shows that although costly peer-punishment enhances cooperation in repeated public …-good games, heavy punishment in early rounds leads to average period payoffs below the non-cooperative equilibrium benchmark. In … fall prey to a poverty trap or, to avoid this, abstain from punishment altogether. We show that neither is the case …