Masclet, David; Villeval, Marie-Claire - Institute for the Study of Labor (IZA) - 2006
Cooperation among people who are not related to each other is sustained by the availability of punishment devices which … help enforce social norms (Fehr and Gächter, 2002). However, the rationale for costly punishment remains unclear. This … of punishment. We compare two treatments of a public good game, one in which costly punishment reduces the immediate …