Showing 1 - 10 of 49
This paper investigates how group membership and competition among trustors interact with trust and trustworthiness in … a laboratory one-shot trust game. To analyze these effects, we apply a 2x2 design. We induce group membership by letting … reduces reciprocity. …
Persistent link: https://www.econbiz.de/10008572470
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or informational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10010877662
We examine in detail the circumstances under which reciprocity, as defined in Bagwell and Staiger (1999), leads to … fixed world prices. We show that a change of tariffs satisfying reciprocity does not necessarily imply constant world prices … reciprocity and constant world prices, these reforms do not follow from the reciprocity condition, but rather from the requirement …
Persistent link: https://www.econbiz.de/10009324094
We conduct a field experiment where we vary both the presence of a gift exchange wage and the effect of the worker’s effort on the manager’s payoff. The results indicate a strong complementarity between the initial wage gift and the agent’s ability to “repay the gift”. We collect...
Persistent link: https://www.econbiz.de/10009421689
By incorporating reciprocity in an otherwise standard principal-agent model, I investigate the relation between …
Persistent link: https://www.econbiz.de/10009274519
of reciprocity and repeated game incentives in two treatments (one-shot and repeated) of a gift-exchange game. In both … treatments we observe reciprocity, which is strengthened in the repeated game. A detailed analysis shows that in the repeated … game some subjects imitate reciprocity. Thus, reciprocity and repeated game incentives reinforce each other. Observed …
Persistent link: https://www.econbiz.de/10005765855
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
Persistent link: https://www.econbiz.de/10005765909
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/10005765975
organizational structure impacts the effectiveness of reciprocity and to derive specific empirical predictions. We use the UK …
Persistent link: https://www.econbiz.de/10005766075
Although reciprocity is a key concept in the social sciences, it is still unclear why people engage in costly …-reported anger highlights the importance of using both techniques for studying reciprocity. …
Persistent link: https://www.econbiz.de/10005766252