A comparative statics analysis of punishment in public-good experiments

被引：0
作者：
Nikos Nikiforakis
Hans-Theo Normann
机构：
[1] The University of Melbourne,Department of Economics
[2] University of London,Department of Economics, Royal Holloway
来源：
Experimental Economics | 2008年 / 11卷
关键词：
Decentralized punishment; Punishment effectiveness; Public good; Welfare; C92; D70; H41;
D O I：
暂无
中图分类号：
学科分类号：
摘要：
This paper provides a comparative-statics analysis of punishment in public-good experiments. We vary the effectiveness of punishment, that is, the factor by which punishment reduces the punished player’s income. The data show that contributions increase monotonically in punishment effectiveness. High effectiveness leads to near complete cooperation and welfare improvements. Below a certain threshold, however, punishment cannot prevent the decay of cooperation. In these cases, punishment opportunities reduce welfare. The results suggest that the experimenter’s choice of the punishment effectiveness is of great importance for the experimental outcome.
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页码：358 / 369
页数：11
相关论文
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