: that altruistic punishment can sustain cooperation. This paper extends their model in order to explain such recent findings …. It focuses on fear of punishment, not punishment itself, as the key mechanism to sustain contributions to the public good … differs, on average, in less than 5% compared to relevant experiments with punishment in the lab. …

The law and economics literature has long theorized that one of the goals of law enforcement is specific deterrence … the learning process that underlies the theory of specific deterrence and, more specifically, whether potential repeat … experiment, participants could cheat for an increased monetary payoff at the risk of paying a fine, in the face of an uncertain …

competitive, the collusive, and the Cournot-Nash outcome, respectively. In the experiment we employ three information treatments …

a process that is independent from the severity of the sanction. We test this presumption experimentally, using a taking …