Rietz, Thomas A.; Schniter, Eric; Sheremeta, Roman M.; … - Economic Science Institute (ESI), Argyros School of … - 2011
In the absence of enforceable contracts, many economic and personal interactions rely on trust and reciprocity … on reciprocation prevent the most egregious trust violations, but may also undermine behavior that would have otherwise … produced higher overall economic welfare. We test the efficacy of exogenously imposed minimum return rules using experimental …