The burden of resolving an environmental problem is typically shared among several responsible parties. To clarify the nature and extent of the problem, these parties must provide information to the regulator. Based on this information, the regulator will instigate an investigation of the...

Unlike in the traditional punishment mechanism, punishers driven by inequity aversion punish individuals who have a higher payoff, rather than those who adopt a certain strategy, and the intensity of punishment varies with payoff difference. This paper studies the impact of this special...