Showing 1 - 10 of 60
incumbent can file a trade dispute to appeal to voters motivated by reciprocity. The incumbent’s ability to initiate a dispute …
Persistent link: https://www.econbiz.de/10011276379
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10008468559
We show that a measure of reciprocity derived from the Berg et al. (1995) trust game in a laboratory setting predicts …
Persistent link: https://www.econbiz.de/10008468715
In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...
Persistent link: https://www.econbiz.de/10005123667
The missing wage rigidity in general equilibrium models of efficiency wages is an artifact of the external wage reference perspective conventionally adopted by the literature. Efficiency wage models based on an internal wage reference perspective are capable of generating strong wage rigidity....
Persistent link: https://www.econbiz.de/10005124415
We develop a reciprocity-based model of wage determination and incorporate it into a modern dynamic general equilibrium … a negligible role in wage setting. These results are broadly consistent with micro-studies on reciprocity in labour … postulating nominal wage contracts. In particular, the reciprocity model is more successful in generating the sharp and …
Persistent link: https://www.econbiz.de/10005136735
find some evidence of reciprocity but no evidence of strategic voting. …
Persistent link: https://www.econbiz.de/10005067468
This paper sees countertrade as a means by which the PCPEs (previously centrally planned economies) and LDCs extract some of the monopoly profits from firms in OECD countries to subsidize their exports. Viewed in this way, countertrade is an exchange of market entry for marketing assistance in...
Persistent link: https://www.econbiz.de/10005498049
provide evidence of reciprocity in multilateral tariff reductions that amplify the stumbling block effect. …
Persistent link: https://www.econbiz.de/10005504231
they can expect reciprocation in the form of future loans for themselves or for their children (reciprocity). The … reciprocity effects are incorporated in an overlapping generations repayment game with endogenous matching between lenders and …
Persistent link: https://www.econbiz.de/10005504436