Maximiano, Sandra; Sloof, Randolph; Sonnemans, Joep - Tinbergen Institute - 2004
One of the main findings of a large body of gift exchange experiments is that in an incomplete contracts environment … several workers. We compare a bilateral gift exchange game with a treatment in which each employer has four workers. We find … that effort levels in the latter treatment are only marginally lower. Gift exchange thus appears to be robust to increases …