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Violations of social norms can be costly to society and they are, in the case of large crimes, followed by prosecution. Minor misbehaviors — small crimes — do not usually result in legal proceedings. Although the economic consequences of a single small crime can be low, such crimes generate...
Persistent link: https://www.econbiz.de/10011091268
Making the length of a prison sentence conditional on an individual’s offense history is shown to be a powerful way of preventing crime. Under a law adopted in the Netherlands in 2001, prolific offenders could be sentenced to a prison term that was some ten times longer than usual. We exploit...
Persistent link: https://www.econbiz.de/10011091624
a punishment regime, in which certain individuals are permitted, but not required, to have punishment directed toward … them. The punishment system can condition on type and contribution history. The results indicate that the most effective … regime, in terms of contributions and earnings, is one that allows punishment of low contributors only, regardless of …
Persistent link: https://www.econbiz.de/10011092305
paper we run a public good experiment to test whether or not obligations have any independent effect on cooperation in …
Persistent link: https://www.econbiz.de/10011090423
Persistent link: https://www.econbiz.de/10011090436
behavior. Instead, we analyze a system of what we call local control (LC), where the enforcement of punishment lies in the … executed and threatened punishment. Agents maximize their payoffs and underlie a constant drift towards not controlling others …. If the educational impact of control is too weak LC breaks down. Moreover, there exists a non{monotonic punishment effect …
Persistent link: https://www.econbiz.de/10011091336
We report an experiment on two treatments of an ultimatum minigame.In one treatment, responders' reactions are hidden … attributed to responders' provision of a public good: Punishment creates a group reputation for being "tough" and effectively …-informed proposers, the hypothesis of responders' enjoyment of overt punishment is not supported. …
Persistent link: https://www.econbiz.de/10011092134
experiment in which leaders have different costs of leading. Our findings suggest that higher costs of leading lead to stronger …
Persistent link: https://www.econbiz.de/10011092578
We study financial contagion in an experimental market. There are two assets and an exogenous shock reduces the value of one of the two assets. Whether and how the other asset is affected depends on the correlation between the underlying values of the two assets. In some trials, the...
Persistent link: https://www.econbiz.de/10011144444
In this paper we study the effects of providing additional feedback about individual contributions and earnings on the dynamics of contributions in a repeated public good game. We include treatments where subjects can freely choose whether to obtain additional information about individual...
Persistent link: https://www.econbiz.de/10011090656