Masclat, David; Noussair, Charles; Villeval, Marie-Claire - Groupe d'Analyse et de Théorie Économique Lyon … - 2010
Experimental studies of social dilemmas have shown that while the existence of a sanctioning institution improves cooperation within groups, it also has a detrimental impact on group earnings in the short-run. Could the introduction of pre-play threats to punish have enough of a beneficial...