contributions mechanism with punishment (VCMP). We eliminate ‘dynamic economic linkages’ between the two stages of our ‘modified …’ VCMP to rule out other potential explanations. We use a beliefs-based model, rooted in psychological game theory, to derive …

centralized and decentralized punishment regime. We find that (1) centralization by itself does not improve cooperation and … welfare compared to an informal, peer-to-peer punishment regime and (2) centralized punishment is equally sensitive to noise … as decentralized punishment, that is, it leads to significantly lower cooperation and welfare (total pro ts). Our results …

enforcement policy. -- punishment ; inequity aversion ; social norm ; individual lateness , experiment …Management meted out punishment to enforce rules and encourage adherence. However, the effectiveness depended on how … factory. Field experiment was conducted to test the behavioral reaction of employees to fines in two different conditions. In …

preferences in an incentive-compatible manner over voluntary contribution mechanisms with and without reward and punishment … payoffs are significantly greater when punishment is allowed but that only a small minority of participants prefers such an … ; voluntary contribution ; risk, loss, and ambiguity aversion ; preference elicitation ; reward and punishment …

theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted … towards the defectors but the latter also impose a considerable amount of spiteful punishment on the cooperators. However …, spiteful punishment vanishes if the punishers can no longer affect the payoff differences between themselves and the punished …

punishment. However, neither option is without cost. What is the tradeoff between these strategies? In this study, we introduce … an exogenous punishment mechanism that varies the probability and magnitude of punishment to examine this tradeoff. In … our punishment system, sanctions are imposed on the lowest contributor according to a predetermined probability rather …

A number of studies have shown that peer punishment can sustain cooperation in public good games. This paper shows that … the format used to give subjects feedback is critical for the efficacy of punishment. Providing subjects with information … receive information about the contributions of their peers even though the feedback format does not affect incentives. The …