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How peer monitoring and punishment affect the performance of the group contract

How peer monitoring and punishment affect the performance of the group contract PurposeThe purpose of this paper is to investigate the impact of three types of peer monitoring and punishment tools on the performance of a group contract for the control of agricultural non-point source pollution (ANPSP) in China.Design/methodology/approachExperimental economics.FindingsAll the three tools result in efficiency improvement and show little difference in performance. In addition, they break the theoretical Nash equilibrium of the team entry auction and help to better reveal bidders’ private cost information.Originality/valueTo the authors’ knowledge, this study can be the first laboratory experiment study in the area of ANPSP in China and might provide some beneficial lessons for China’s policy-makers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png China Agricultural Economic Review Emerald Publishing

How peer monitoring and punishment affect the performance of the group contract

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1756-137X
DOI
10.1108/CAER-08-2016-0125
Publisher site
See Article on Publisher Site

Abstract

PurposeThe purpose of this paper is to investigate the impact of three types of peer monitoring and punishment tools on the performance of a group contract for the control of agricultural non-point source pollution (ANPSP) in China.Design/methodology/approachExperimental economics.FindingsAll the three tools result in efficiency improvement and show little difference in performance. In addition, they break the theoretical Nash equilibrium of the team entry auction and help to better reveal bidders’ private cost information.Originality/valueTo the authors’ knowledge, this study can be the first laboratory experiment study in the area of ANPSP in China and might provide some beneficial lessons for China’s policy-makers.

Journal

China Agricultural Economic ReviewEmerald Publishing

Published: Feb 5, 2018

References