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The recent decision to protect American-made tires from Chinese competition signals a new toughness on the part of the Obama Administration. Can we expect other Chinese imports to be similarly targeted for protection? If so, how will the Chinese react? Indications are that China will play...
Persistent link: https://www.econbiz.de/10008467012
Two central puzzles about social norms are how they are enforced and how they are created or modified. The sanctions …-costly. Problems in creating and enforcing norms are related to which sanctions are employed. We use our analysis of enforcement and …
Persistent link: https://www.econbiz.de/10005076640
This paper studies monitoring and punishment behavior by second and third parties in a cooperation experiment with … stage, but can decide to resolve the information imperfection at non-negative cost at the punishment stage. We examine how … monitoring and punishment respond to changes in monitoring costs, and exploit the evidence to gain new insights about …
Persistent link: https://www.econbiz.de/10010895506
In Third Party punishment experiments (Fehr et al.; 2004), an agent may be punished for violating a social norm by an … to improve the understanding of Third Party punishment by reproducing an experiment conducted by Fehr et al. 2004 (TP …
Persistent link: https://www.econbiz.de/10010904201
We examine the characteristics and relative strength of third-party sanctions in a series of experiments. We … punishment increased the more the norm was violated. Likewise, up to roughly 60% of the third parties punished violations of the …’’ third parties. In addition, these experiments suggest that thirdparty punishment games are powerful tools for studying the …
Persistent link: https://www.econbiz.de/10005125599
investigated mechanisms is that both are based on the imposition of sanctions for free-riding behavior. The main difference between … them concerns the question of “who punishes”. In the first approach, punishment is executed by the group members themselves … individually, i.e., punishment is decentral in nature. The second approach is based on the idea that individuals may be willing to …
Persistent link: https://www.econbiz.de/10005137197
We examine the characteristics and the relative strength of third party sanctions in a series of experiments. We … for them. Almost two-thirds of the third parties indeed punish the violation of the distribution norm and their punishment … “unaffected” third parties. In addition, these experiments suggest that third party punishment games are powerful tools for …
Persistent link: https://www.econbiz.de/10005585613
Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … increases substantially after introducing an ex post sanctioning possibility. Namely, subjects can assign punishment points to … efficiency. This suggests that decentralized monetary sanctions can play a major role as a coordination device in Pareto …
Persistent link: https://www.econbiz.de/10010686085
In Third Party punishment experiments (Fehr et al.; 2004), an agent may be punished for violating a social norm by an … to improve the understanding of Third Party punishment by reproducing an experiment conducted by Fehr et al. 2004 (TP …
Persistent link: https://www.econbiz.de/10010602687
dilemmas. It is in the self-interest of voters and is often favorably contrasted with letting citizens take punishment into … their own hands. Allowing informal sanctions, by contrast, not only comes with a danger that punishments will be misapplied … investigate the relative effectiveness of formal vs. informal sanctions in the voluntary provision of public goods. Unsurprisingly …
Persistent link: https://www.econbiz.de/10008800356