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Teams punish less

Heike Auerswald (), Carsten Schmidt, Marcel Thum () and Gaute Torsvik

No 08/13, Working Papers in Economics from University of Bergen, Department of Economics

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)
Pages: 21 pages
Date: 2013-10-18
New Economics Papers: this item is included in nep-cdm and nep-exp
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