Sustainable institutionalized punishment requires elimination of second-order free-riders
Sustainable institutionalized punishment requires elimination of second-order free-riders
Although empirical and theoretical studies affirm that punishment can elevate collaborative efforts, its emergence and stability remain elusive. By peer-punishment the sanctioning is something an individual elects to do depending on the strategies in its neighborhood. The consequences of unsustainable efforts are therefore local. By pool-punishment, on the other hand, …