Monitoring by peers is often an effective means of attenuating incentive problems. Most explanations of the efficacy of … mutual monitoring rely either on small group size or on a version of the Folk theorem with repeated interactions which … in which the effectiveness of mutual monitoring depends not on these factors, but rather on strong reciprocity: the …

This paper studies monitoring and punishment behavior by second and third parties in a cooperation experiment with … monitoring and punishment respond to changes in monitoring costs, and exploit the evidence to gain new insights about … to increasingly weaker incentives for cooperation relative to second party punishment as monitoring costs rise. In …

- collusive or competitive - increasing the level of monitoring and punishment may have different impacts on corruption. If the … two groups of public officials had been demonstrating collusive behavior, increased monitoring or punishment reduces both …, increased monitoring reduces the level of corruption, but increases the corruption revenues collected. Only after reaching the …