Teams Do Inflict Costly Third-Party Punishment as Individuals Do: Experimental Evidence

What is it about?

This paper shows in an experimental setting that teams' altruistic third-party punishment is common and is similar in size to that of third-party individuals'. The present paper is the first to demonstrate this behavioral tendency in experimental economics.

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Why is it important?

The finding on the prevalence of third-party punishment among teams is useful considering that third-party punishment can be taken not only by individuals but also by teams in the real world.