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We investigate how third-party punishers and potential violators decide under evidentiary uncertainty in a take game. In line with the legal requirement and in contrast to economic models, neither the sanction nor the harm level affects the punishment probability, but the quality of evidence...
Persistent link: https://www.econbiz.de/10010496149
requires learning-by-doing. In a two-period model, we examine the implications for the optimal level of care and behavior under …
Persistent link: https://www.econbiz.de/10011325781