Sustaining Group Reputation
Volume: 31, Issue: 3, Pages: 599 - 628
Published: Jan 17, 2015
Abstract
When individuals trade with strangers, there is a temptation to renege on agreements. If repeated interaction or exogenous enforcement is unavailable, societies often solve this problem via institutions that rely on group, rather than individual, reputation. Groups can employ two mechanisms to uphold reputation that are unavailable to individuals: information sharing and in-group punishment. We design a laboratory experiment to distinguish the...
Paper Details
Title
Sustaining Group Reputation
Published Date
Jan 17, 2015
Volume
31
Issue
3
Pages
599 - 628
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