Penalty lottery*
提出一种惩罚彩票机制，通过随机传递罚款责任来控制不完全监督下的连续公共坏行为，实验证据支持理论预测。
Abstract To control sequential public bad productions under imperfect monitoring, this paper proposes a penalty lottery: a violator passes the responsibility of the fine to the next potential violator with some probability and pays all the accumulated fines with the complementary probability. The penalty lottery does not merely impose extreme fines because an absorbing state is practically unreachable. It self‐selects people more willing to produce public bads and endogenously imposes the larger expected fines on them. It has advantages over the day‐fine system in which the fine depends on the offender's daily income. Experimental evidence is consistent with the proposed theoretical predictions.