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The Business Cycle Implications of Reciprocity in Labour Relations

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2007

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

Monopoly, Tying and Reciprocity: An Application to International Trade

Marin, Dalia - C.E.P.R. Discussion Papers - 1991

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

Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the US

Limão, Nuno - C.E.P.R. Discussion Papers - 2005

provide evidence of reciprocity in multilateral tariff reductions that amplify the stumbling block effect. …

Persistent link: https://www.econbiz.de/10005504231

Kin Groups and Reciprocity: A Model of Credit Transactions in Ghana

La Ferrara, Eliana - C.E.P.R. Discussion Papers - 2003

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

The Macroeconomic Consequences of Reciprocity in Labour Relations

Danthine, Jean-Pierre; Kurmann, Andre - C.E.P.R. Discussion Papers - 2005

We develop and analyse a structural model of efficiency wages founded on reciprocity. Workers are assumed to face an …

Persistent link: https://www.econbiz.de/10005504485

A Theory of Fairness, Competition and Cooperation

Fehr, Ernst; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 1998

There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish...

Persistent link: https://www.econbiz.de/10005504682

Fairness and the Optimal Allocation of Ownership Rights

Fehr, Ernst; Kremhelmer, Susanne; Schmidt, Klaus M. - C.E.P.R. Discussion Papers - 2005

We report on several experiments on the optimal allocation of ownership rights. The experiments confirm the property rights approach by showing that the ownership structure affects relationship-specific investments and that subjects attain the most efficient ownership allocation despite starting...

Persistent link: https://www.econbiz.de/10005504775

Love thy Neighbour, Love thy Kin: Strategy and Bias in the Eurovision Song Contest

Clerides, Sofronis; Stengos, Thanasis - C.E.P.R. Discussion Papers - 2006

find some evidence of reciprocity but no evidence of strategic voting. …

Persistent link: https://www.econbiz.de/10005067468

Homo Reciprocans: Survey Evidence on Prevalence, Behaviour and Success

Dohmen, Thomas J; Falk, Armin; Huffman, David; Sunde, Uwe - C.E.P.R. Discussion Papers - 2006

respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the … population, (ii) individual determinants of reciprocity, (iii) the correlation between positive and negative inclinations within … inclinations, in particular in terms of positive reciprocity. However, there is substantial heterogeneity in the degree of …

Persistent link: https://www.econbiz.de/10005114269

Tariff Retaliation versus Financial Compensation in the Enforcement of International Trade Agreements

Limão, Nuno; Saggi, Kamal - C.E.P.R. Discussion Papers - 2006

We analyze whether financial compensation is preferable to the current system of dispute settlement in the World Trade Organization that permits member countries to impose retaliatory tariffs in response to trade violations committed by other members. We show that monetary fines are more...

Persistent link: https://www.econbiz.de/10005656251