Showing 1 - 10 of 14,111
Because costly punishment is not credible, subgame perfection suggests that punishment will not deter free riding … strategies seen in the lab and use the simulation to develop hypotheses about why group size should matter when punishment is … rates no lower than small groups because punishment does not fall appreciably in large groups. However, hindrances to …
Persistent link: https://www.econbiz.de/10010262078
punishment opportunities are restricted to agents who are linked through alternative punishment networks. We find that the … structure of the punishment network significantly impacts contributions to the public good, but not overall efficiencies …. Contributions collapse over decision rounds in groups with limited punishment opportunities, even if the absolute punishment …
Persistent link: https://www.econbiz.de/10010281653
interacts with prices to generate a conventional demand curve. We test the price responsiveness of the demand for punishment by … strategic reason to punish. We nonetheless find significant levels of punishment, and we learn that both price and the extent to … which the recipient's contribution is below the group mean are significant determinants of the quantity of punishment …
Persistent link: https://www.econbiz.de/10010318879
The most famous element in Bentham's theory of punishment, the Panopticon Prison, expresses his view of the two … purposes of punishment, deterrence and special prevention. We investigate Bentham's intuition in a public goods lab experiment … by manipulating how much information on punishment experienced by others is available to would-be offenders. Compared …
Persistent link: https://www.econbiz.de/10010270435
This paper argues that the Economics of Crime concentrates too much on punishment as a policy to fight crime, which is … unwise for several reasons. There are important instances in which punishment simply cannot reduce crime. Several feasible … alternatives to punishment exist, such as offering positive incentives or handing out awards for law abiding behavior. These …
Persistent link: https://www.econbiz.de/10010266023
experiment reported here, subjects are given the opportunity to vote on rules governing punishment. We found that, from their … and reduces the free rider problem; however, a substantial amount of punishment is targeted on high contributors. In the … first opportunity to vote, no group ever allowed punishment of high contributors, most groups eventually voted to allow …
Persistent link: https://www.econbiz.de/10010318915
In this paper we consider the effect of ambiguity on the private provision of public goods. Equilibrium is shown to exist and be unique. We examine how provision of the public good changes as the size of the population increases. We show that when there is uncertainty there may be less...
Persistent link: https://www.econbiz.de/10011422127
experiment shows there is a workable alternative todeception. …
Persistent link: https://www.econbiz.de/10010324715
Quasilinear preferences on a public good and a numeraire good are limits of preferences where both goods are normal. The set of equilibria of the voluntary contribution (or private provision) game is easily characterized under quasilinearity by: top valuators aggregately contribute their common...
Persistent link: https://www.econbiz.de/10010317090
in biology and the social sciences. Recent experimental evidence suggests that altruistic punishment is an important … mechanism to maintain cooperation among humans. In this paper we explore the boundary conditions for altruistic punishment to … maintain cooperation by systematically varying the cost and impact of punishment, using a subject pool which extends beyond the …
Persistent link: https://www.econbiz.de/10010325392