Dhami, Sanjit S.; Wei, Mengxing; Al-Nowaihi, Ali - 2021
We derive, compare, and test the predictions of three models of gift exchange: Classical (CGE); Augmented (AGE) based …, θe, and a signal of firm’s expectations of effort from the worker, s. All three models successfully predict gift exchange … to the signals θw, θe, and s. The BGE model successfully explains the data in all these respects. Gift exchange is …