reciprocity. Moreover, several theoretical Papers have been written showing that the observed phenomena can be explained in a …

voluntary cooperation. This crowding-out effect constitutes costs of incentive provision that have been largely neglected by … economists. In our experiments the crowding-out effect is so strong that the incentive contracts are less efficient than …

pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without …

Behavioural economists have come to recognize that reciprocity, the interaction of trust and trustworthiness, is a … distinct and economically relevant component of individual preferences alongside selfishness and altruism. This recognition is … power of trust as a determinant of those decisions, suggesting that altruism may explain much of what ‘looks like’ trust …

This Paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …

maximization problem of the firm. As a result, monitoring and pay should be complements. In our experiment, between and within … on the reciprocity of employees. …

Typically, laboratory experiments suffer from homogeneous subject pools and self-selection biases. The usefulness of … method integrating interactive experiments and representative surveys thereby overcoming crucial weaknesses of both … approaches. One of the major advantages of our approach is that it allows for the integration of experiments, which require …

strength. We then present three experiments that study main predictions and implications of the model. The first is a simple … principal-agent experiment that shows that consistency is valued by others and that this value is anticipated. The second … experiment underlines the crucial role of early commitment for consistency preferences. Finally we show how preferences for …

implementation. In our experiments, realized efficiency levels were remarkably close to theoretical equilibrium predictions, while …

problem. It introduces several approaches, based on both experiments and on non-experimental data that have been proposed in …