Teams Punish Less
Heike Auerswald (heike.auerswald@tu-dresden.de),
Carsten Schmidt,
Marcel Thum and
Gaute Torsvik
No 4406, CESifo Working Paper Series from CESifo
Abstract:
Many decisions in politics and business are made by teams rather than by single individuals. In contrast, economic models typically assume an individual rational decision maker. A rapidly growing body of (experimental) literature investigates team decisions in different settings. We study team decisions in a public goods contribution game with a costly punishment option and compare it to the behavior of individuals in a laboratory experiment. We also consider different team decision-making rules (unanimity, majority). We find that teams contribute significantly more and punish less than individuals, regardless of the team decision rule. Overall, teams yield higher payoffs than individuals.
Keywords: group decision making; public good; experiment; punishment (search for similar items in EconPapers)
JEL-codes: H54 Q54 Q58 (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)
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Working Paper: Teams punish less (2013) 
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