Masclet, David; Noussair, Charles; Villeval, Marie-Claire - 2010
cooperation within groups, it also has a detrimental impact on group earnings in the short run. Could the introduction of pre …-play threats to punish have enough of a beneficial impact on cooperation, while not incurring the cost associated with actual … punishment, so that they increase overall welfare? We report an experiment in which players can issue non-binding threats to …