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Gift exchange and reciprocity in competitive experimental markets

Fehr, Ernst; Kirchsteiger, Georg; Riedl, Arno - 1995

experiments ruled out gift exchange or reciprocity motives, that is, subjects could not reciprocate for a gift. This paper reports … results indicate that reciprocity motives may indeed be capable of driving a competitive experimental market permanently away …

Persistent link: https://www.econbiz.de/10010291014

Inefficiency and social exclusion in a coalition formation game: Experimental evidence

Okada, Akira; Riedl, Arno - 1999

reported in the literature on 2- person ultimatum bargaining experiments, negative reciprocity (i.e. punishment of unfair … offers) plays a crucial role in decision making. The hypothesis that selfishness and anticipated negative reciprocity by …

Persistent link: https://www.econbiz.de/10010291918

Wage bargaining and management opposition in the presence of productivity gains and organization costs

Riedl, Arno - 1997

Empirical studies have emphasized three important factors in firm-labor relationships: (a) organization costs of workers, (b) management opposition against workers' organizing drives, (c) the possibility of productivity enhancing effects due to voice/response reasons. In this paper the interplay...

Persistent link: https://www.econbiz.de/10010291760

Weakening the weak may harm the strong: A bargaining model where opting-in is costly

Riedl, Arno - 1995

The opportunity to bargain often causes costs for at least one party in many economic situations, e.g. wage negotiations, joint ventures or interfirm cooperation. This paper studies such situations. A strong and a weak player have to agree how to divide the produced surplus. The weak player has...

Persistent link: https://www.econbiz.de/10010291007