This paper reports results of an experiment design ed to investigate the nature of cooperation and punishment. Subjects are matched in a series of two-person, two-stage games with a sequential equilibrium that supports first-stage cooperation with a credible threat of subsequent punishment....

Frontmatter -- Contents -- Preface -- Acknowledgments -- CHAPTER 1 INTRODUCTION AND OVERVIEW -- CHAPTER 2 DECISIONS AND GAMES -- CHAPTER 3 DOUBLE-AUCTION MARKETS -- CHAPTER 4 POSTED-OFFER MARKETS -- CHAPTER 5 BARGAINING AND AUCTIONS -- Chapter 6 PUBLIC GOODS, EXTERNALITIES, AND VOTING -- Chapter...

Experimental methods in economics respond to circumstances that are not completely dictated by accepted theory or outstanding problems. While the field of economics makes sharp distinctions and produces precise theory, the work of experimental economics sometimes appear blurred and may produce...