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This paper experimentally investigates the effects of a costly punishment option on cooperation and social welfare in … potential punishment monotonically increases both contributions and the average net payoffs of subjects. In a more realistic … imperfect monitoring environment, we find a U-shaped relationship between the severity of punishment and average net payoffs …
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We develop and estimate a non-stationary job search model to evaluate a scheme that monitors job search effort and sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the unemployed to front-load search effort prior to...
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We develop and estimate a non-stationary job search model to evaluate a scheme that monitors job search effort and sanctions insured unemployed whose effort is deemed insufficient. The model reveals that such schemes provide incentives to the unemployed to front-load search effort prior to...
Persistent link: https://www.econbiz.de/10009383476