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Using hand-collected data spanning more than a decade on European banks' sovereign debt portfolios, we show that the trust of residents of a bank's countries of operation in the residents of a potential target country of investment has a positive, statistically significant, and economically...
Persistent link: https://www.econbiz.de/10013463528
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/10010337527
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 …-select into law enforcement jobs that offer the opportunity to punish (or facilitate the punishment of) wrongdoers. Such “punitive …
Persistent link: https://www.econbiz.de/10010509622
-nudges affect punishment behavior, and how enforcement links to norm perceptions. Using a representative sample of U.S. participants … study that confirm the robustness of our findings in the context of whistleblowing. To explain the punishment patterns of the … norms are vague. Importantly, we find that punishment patterns in the first experiment closely follow these norm perceptions …
Persistent link: https://www.econbiz.de/10012653339
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/10010189837
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 …) Expectations have a significant effect on the probability of punishment but not on the intensity of experienced emotion. This last …
Persistent link: https://www.econbiz.de/10009781606
This paper provides evidence that free riders are heavily punished even if punishment is costly and does not provide … punished. As a consequence, the existence of an opportunity for costly punishment causes a large increase in cooperation levels … because potential free riders face a credible threat. We show, in particular, that in the presence of a costly punishment …
Persistent link: https://www.econbiz.de/10009781678
systems exist that avoid these costs and whether other, more centralized, punishment systems are superior and will be … preferred by the people. Here, we show that welfare-enhancing peer sanctioning without much need for costly punishment emerges …. The exogenous removal of the norm consensus opportunity reduces the efficiency of peer punishment and renders centralized …
Persistent link: https://www.econbiz.de/10011825357
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/10011864590
probability and the severity of punishment with reference to planned criminal activities. There are, however, also unplanned …
Persistent link: https://www.econbiz.de/10012120376