Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency … increases substantially after introducing an ex post sanctioning possibility. Namely, subjects can assign punishment points to …

experiment. The experiment is designed to test whether nonmonetary sanctions or rewards alone can yield the optimal level of …, are used as proxies for nonmonetary sanction and reward, respectively. Although these ratings are costless and payoff … neutral, results show that expression of disapproval facilitates coordination on the most efficient equilibrium. In contrast …

We elicit individual-level peer-punishment types in a cooperation (social dilemma) and a coordination (weakest link …) problem. In line with previous literature, we find heterogeneity in peer-punishment in both environments. Comparing punishment … behavior across the two environments within subject, we observe a high degree of individuals’ punishment type stability …

Using a laboratory experiment, we examine whether voluntary monetary sanctions induce subjects to coordinate more … efficiently in a repeated minimum effort coordination game. While most groups first experience inefficient coordination in a … one can assign costly punishment points to other group members in order to reduce their payoffs. We compare the effect of …

By means of a laboratory experiment, we study the impact of the endogenous adoption of a collective punishment … mechanism within a one-shot binary trust game. The experiment comprises three games. In the first one, the only equilibrium … where everybody trusts and reciprocates. In the third game, the collective punishment mechanism is adopted through majority …

Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a … repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency … increases substantially after introducing an ex post sanctioning possibility. Namely, subjects can assign punishment points to …

Using a laboratory experiment, we examine whether informal monetary sanctions can lead to better coordination in a …-statistic game ; punishment ; sanction ; weakest link … repeated minimum effort coordination game. While most groups first experience inefficient coordination, the efficiency …