Kosfeld, Michael; Riedl, Arno - Tinbergen Instituut - 2004
cooperation and sanctioning', 2007, <I>KritV - Kritische Vierteljahresschrift fur Gesetzgebung und Rechtswissenschaft</I>, 90, 1 … of the fundamental conflict between social welfare maximization and individual utility maximization. The basic workhorse … difference between them concerns the question of “who punishes”. In the first approach, punishment is executed by the group …