Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/100537
Authors: 
Thum, Marcel
Auerswald, Heike
Schmidt, Carsten
Torsvik, Gaute
Year of Publication: 
2014
Series/Report no.: 
Beiträge zur Jahrestagung des Vereins für Socialpolitik 2014: Evidenzbasierte Wirtschaftspolitik - Session: Experimental Economics II B09-V3
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.
JEL: 
C72
C92
H41
Document Type: 
Conference Paper

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