By means of a laboratory experiment, we study the impact of the endogenous adoption of a collective punishment … where everybody trusts and reciprocates. In the third game, the collective punishment mechanism is adopted through majority …-voting. In line with the theory, we find that the exogenous introduction of the punishment mechanism significantly increases …

adopted, and use of punishment opportunities. Students cooperate more than workers, and cooperation increases in both subject … workers to sanction uncooperative behavior with decentralized punishment and also personal punishment when available. … cooperative task. The data show that clerical workers differ from college students in overall cooperation rates, strategies …

; Price-fi xing ; Punishment ; Recidivism ; Whistleblowers …

study the impact of different time horizons on cooperation in (quasi) continuous time prisoner's dilemmas. We find that … cooperation levels are similar or higher when the horizon is deterministic rather than stochastic. Moreover, a deterministic … deterministic horizon subjects show high initial cooperation and a strong end-of-period reversal to defection. Moreover, they do not …

before opponents react. Under imperfect monitoring, however, flexibility may also hinder collusion by inducing punishment …