The observability of partners’ past play is known to theoretically improve cooperation in an infinitely repeated prisoner’s dilemma game under random matching. This paper presents evidence from an incentivized experiment that reputational information per se may not improve cooperation. A...

We analyze experimentally behavior in a finitely repeated public goods game. One of the main results of the literature is that contributions are initially high, and gradually decrease over time. Two explanations of this pattern have been developed: (i) the population is composed of free-riders,...

This paper theoretically explores the voluntary provision of a public good in a finitely repeated setting. Agents' utility is the sum of their monetary earnings and a non-material psychological component that can be interpreted as a taste for efficiency and/or fairness. An arbitrarily small...

We study the politico-economic equilibrium of a parametric version of the neoclassical growth model, uncovering the link between economic fundamentals, and (i) the level of government, and also (ii) the composition of government spending between public consumption and public infrastructure....

We experimentally analyze the effect of endogenous group formation on the type of sanctioning institutions emerging in a society. We allocate subjects to one of two groups. Subjects play a repeated public goods game and vote on the sanctioning system (formal or informal) to be implemented in...