 An individualistic approach to institution formation in public good gamesAbhijit Ramalingam, Sara Godoy, Antonio Morales () and James Walker Journal of Economic Behavior & Organization, 2016, vol. 129, issue C, 18-36 Abstract: In a repeated public goods setting, we explore whether individuals, acting unilaterally, will provide an effective sanctioning institution. Subjects first choose independently whether they will participate in a sanctioning stage that follows a contribution stage. Only those who gave themselves the “right” to sanction can do so. We find that the effectiveness of the institution may not require provision of the institution at the level of the group. Individuals acting unilaterally are able to provide sanctioning institutions that effectively raise cooperation. The effectiveness of the institution, however, depends on whether the “right” to sanction entails a monetary cost or not. Keywords: Public goods; Experiment; Punishment; Institution formation; Unilateral provision; Cooperation (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:129:y:2016:i:c:p:18-36 DOI: 10.1016/j.jebo.2016.06.003 Access Statistics for this article Journal of Economic Behavior & Organization is currently edited by Houser, D. and Puzzello, D. More articles in Journal of Economic Behavior & Organization from Elsevier |
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