Fischer, Sven; Grechenig, Kristoffel; Meier, Nicolas - Max-Planck-Institut zur Erforschung von … - 2013
We run several experiments which allow us to compare cooperation under perfect and imperfect information and under a centralized and decentralized punishment regime. We nd that (1) centralization by itself does not improve cooperation and welfare compared to an informal, peer-to-peer punishment...