Showing 1 - 10 of 12
We examine an experimental gift exchange game in which the players can improve upon the unique no-gifts equilibrium through cooperative gift giving. The main feature of the study is that there are two different types of gift exchange, which we call simple and complex exchange, respectively....
Persistent link: https://www.econbiz.de/10011092741
Many experimental studies indicate that people are motivated by reciprocity. Rabin (1993) develops techniques for … reciprocity for extensive games in which the sequential structure of a strategic situation is made explicit. We propose a new … solution concept— sequential reciprocity equilibrium—which is applicable to extensive games, and we prove a general equilibrium …
Persistent link: https://www.econbiz.de/10011090465
Calvin’s view on the legitimacy of interest has had a great impact on the economic development of Western society. Although Calvin took a fundamentally positive attitude to interest, he also proposed several restrictions on the charging of interest. In this article, we investigate the...
Persistent link: https://www.econbiz.de/10011091087
bad mood implies more reciprocity while a good mood implies more generosity.Since high transfers are relatively more …
Persistent link: https://www.econbiz.de/10011091714
Persistent link: https://www.econbiz.de/10011092087
We study an overlapping-generations experiment with multiple families in which redistributional transfers can take the form of support to the elderly or grants to children.Supporting the old is a purely inter-generational (intra-family) transfer, whereas grants to children also involve an...
Persistent link: https://www.econbiz.de/10011092124
indicates that this is indeed likely to be the case. But reciprocity or gift-exchange induces social relations. The utility …
Persistent link: https://www.econbiz.de/10011092126
We study a cross-section of 54 European regions in the period 1950-1998.The central question is whether social capital, in the form of generalized trust and associational activity, is related to regional differences in economic growth. Based on extensive robustness tests, we present evidence...
Persistent link: https://www.econbiz.de/10011092742
This paper analyzes the relations between social capital, institutions and trust.These concepts are full of ambiguity and confusion.This paper attempts to dissolve some of the confusion, by distinguishing trust and control, and analyzing institutional and relational conditions of trust.It...
Persistent link: https://www.econbiz.de/10011092754
We measure the contribution of fiscal decentralization to trust in government. Using repeated cross-country survey data of individuals on several measures of trust in govern- ment over the 1994-2007 period, we estimate an ordered response model of the government trust and fiscal decentralization...
Persistent link: https://www.econbiz.de/10011090404