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In certain economic experiments, some participants willingly pay a cost to punish peers who contribute too little to the public good. Because such punishment can lead to improved group outcomes, this costly punishment has been conceived of as altruistic. Here, we provide evidence that individual...
Persistent link: https://www.econbiz.de/10010777165
Using a common pool resource game protocol with voting we examine experimentally how cooperation varies with the level at which (binding) votes are aggregated. Our results are broadly in line with theoretical predictions. When players can vote on the behavior of the whole group or when leaders...
Persistent link: https://www.econbiz.de/10010678980
The importance of political institutions for economic growth and social well-being has been demonstrated in a number of studies. Societies in which agents trust that other agents will collaborate in establishing and maintaining efficient institutions produce more social benefits. Yet there is...
Persistent link: https://www.econbiz.de/10014150065