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Persistent link: https://www.econbiz.de/10009577528
In the context of repeated public good contribution games, we experimentally investigate the impact of democratic punishment, when members of a group decide by majority voting whether to inflict punishment on another member, relative to individual peer-to-peer punishment. Democratic punishment...
Persistent link: https://www.econbiz.de/10010510711
Persistent link: https://www.econbiz.de/10009634517
This paper experimentally investigates how individual preferences, through unrestricted deliberation, get aggregated into a group decision in two contexts: reciprocating gifts, and choosing between lotteries. In both contexts we find that median group members have a significant impact on the...
Persistent link: https://www.econbiz.de/10014038250