Punishment As Revenge, Not Only For Inequity Aversion
Donald Wargo ()
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Donald Wargo: Department of Economics, Temple University
No 1803, DETU Working Papers from Department of Economics, Temple University
This paper shows that punishment arises not only from inequity aversion but also from revenge itself (a desire for reciprocity). We perform face-to-face revenge/punishment experiments by randomly recruiting the students at a major U.S. University. Our results show that punishment is motivated by both inequity aversion and revenge.
JEL-codes: D91 (search for similar items in EconPapers)
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http://www.cla.temple.edu/RePEc/documents/DETU_18_03.pdf First version, 2018 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:tem:wpaper:1803
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