Why the rich are nastier than the poor: A note on optimal punishment
Studying evolutionarily successful behavior we show in a general framework that when individuals maximizing payoff differentials invest resources in punishing others. Interestingly, these investments are increasing in individuals, own wealth and decreasing in the wealth of others.
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- Abbink, Klaus & Gary Bolton & Abdolkarim Sadrieh & Fang-Fang Tang, 1996.
"Adaptive Learning versus Punishment in Ultimatum Bargaining,"
Discussion Paper Serie B
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- repec:tpr:qjecon:v:90:y:1976:i:4:p:599-617 is not listed on IDEAS
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