Brandts, Jordi; Rivas, María Fernanda - Departament d'Economia i Història Econòmica, … - 2007
The existence of punishment opportunities has been shown to cause efficiency in public goods experiments to increase … considerably. In this paper we ask whether punishment also has a downside in terms of process dissatisfaction. We conduct an … experiment to study the conjecture that an environment with stronger punishment possibilities leads to higher material but lower …