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As predicted by loss aversion, numerous studies find that penalties elicit greater effort than bonuses, even when the underlying payoffs are identical. However, loss aversion also predicts that workers will demand higher wages to accept penalty contracts. In six experiments I recruited workers...
Persistent link: https://www.econbiz.de/10012962112
simple voting experiment, we show that many voters are willing to engage in voting as a form of punishment, even when voting …Altruistic punishment is a fundamental driver for cooperation in human interactions. In this paper, we expand our … understanding of this form of costly punishment to help explain a puzzle of voting behavior: why do people who are indifferent …
Persistent link: https://www.econbiz.de/10013315578
a punishment regime, in which certain individuals are permitted, but not required, to have punishment directed toward … them. The punishment system can condition on type and contribution history. The results indicate that the most effective … regime, in terms of contributions and earnings, is one that allows punishment of low contributors only, regardless of …
Persistent link: https://www.econbiz.de/10005013941
We study how punishment influences conditional cooperation. We ask two questions: 1) how does conditional cooperation … cooperation with punishment which leads to a decrease in conditional cooperation. The power to punish means more responsibility …
Persistent link: https://www.econbiz.de/10012912687
authority and responder. Both players in each pair have earned an income in an individual real effort decision-making experiment … hedonic impact. (2) Irritation and contempt drive punishment behavior. (3) There are discontinuous "jumps" in the behavior of … responders. They either choose no punishment (destroy nothing) or the highest level of punishment (destroy everything). (4 …
Persistent link: https://www.econbiz.de/10005181557
punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team …
Persistent link: https://www.econbiz.de/10010697224
We develop and estimate a non-stationary job search model to evaluate a scheme that monitors job search effort and sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the unemployed to front-load search effort prior to...
Persistent link: https://www.econbiz.de/10013117785
This article contributes to the literature on stock market integration by developing and estimating a capital asset pricing model with segmentation effects in order to assess stock market segmentation and its effects on risk premia at the regional level. We show that the estimated degrees of...
Persistent link: https://www.econbiz.de/10013084011
This paper offers a new argument for why a more aggressive enforcement of minor offenses ('zero-tolerance') may yield a double dividend in that it reduces both minor offenses and more severe crime. We develop a model of criminal subcultures in which people gain social status among their peers...
Persistent link: https://www.econbiz.de/10012779694
attempts to increase the severity of punishment will alter the payoff of the individuals involved, leaving unchanged the … the certainty of punishment and the ability of the government to enforce it …
Persistent link: https://www.econbiz.de/10012979544