We study experimentally the protection of property in five widely distinct countries— Austria, Mexico, Mongolia, South Korea and the United States. Our main results are that the security of property varies with experimental institutions, and that our subject pools exhibit significantly...

We introduce new treatments of a voluntary contribution mechanism with opportunities to punish in order to see how contributions, punishments and earnings change when punishment is in the form of fines the punisher distributes to other members of her group. The linked punishment-reward set up is...

Recent experiments have shown that voluntary punishment of free riders can increase contributions, mitigating the free-rider problem. But frequently punishers punish high contributors, creating “perverse†incentives which can undermine the benefits of voluntary punishment. In our...

In this working paper we report on two trust games: a BDM-like game which is interpreted through its use of the possibly suggestive words "show up fee," "sends," "tripled," "send back"; and an uninterpreted spatial game that does not use these words suggestive or not. In the spatial game we...