Contents Preface The effects of punishment in dynamic public-good games 9 1.1 Introduction 9 ...

We analyze the interplay between cooperation norms and people's punishment behavior in a social-dilemma game with multiple punishment stages. By combining multiple punishment stages with self-contained episodes of interaction, we are able to disentangle the effects of retaliation and...

Carpenter and Matthews (2009) examine the cooperation norms determining people's punishment behavior in a social-dilemma game. Their findings are striking: absolute norms outperform the relative norms commonly regarded as the determinants of punishment. Using multiple punishment stages and...

Alchian and Demsetz’s (1972) influential explanation of the classical business firm argues that there is need for a concentrated residual claim in the hands of a central agent, to motivate the monitoring of workers. We model monitoring as a way to transform team production from a collective...