Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a decision right, which may distort the choice between...

Team decision-making prevails in modern organizations. Teams often need to decide whether to delegate or make a decision themselves. Recent work has found that many individuals assign a significantly positive intrinsic value to having a decision right, which may distort the choice between...

Corruption is a widespread phenomenon. Nevertheless, causal evidence on the effects of corruption is still lacking. In this paper, we assess whether and how corruption affects cooperation using a public good game experiment. Overall, contributions to the public good are reduced by 30% when...

In many societies, the power to punish is granted to a centralized authority. While the punishment of free-riders has been shown to play an important role in the provision of public goods, corruption might strongly disrupt the ability of a centralized authority to foster cooperation. In this...

We build on Köszegi and Rabin (2009) and propose a model in which the reference point consists of two periods lagged beliefs about consumption outcomes. As opposed to the original model in which the reference point instantaneously adjusts to new information, our formulation renders the...

Corruption is a widespread phenomenon. Nevertheless, causal evidence on the effects of corruption is still lacking. In this paper, we assess whether and how corruption affects cooperation using a public good game experiment. Overall, contributions to the public good are reduced by 30% when...