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maximal investment when agents are motivated by reciprocity? We demonstrate that indeed they can, but not in the way one might … signing of formal agreements; they may play a critical role in igniting informal cooperation underpinned by reciprocity. …
Persistent link: https://www.econbiz.de/10011568751
This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …
Persistent link: https://www.econbiz.de/10011398368
This study shows the uniqueness of Nash equilibrium in the model of multiple voluntarily supplied public goods with potential contributors possessing different Cobb-Douglas preferences. This study provides a sufficient condition for uniqueness using graph theory. This sufficient condition allows...
Persistent link: https://www.econbiz.de/10011853293
In this paper we show that a simple model of fairness preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation is...
Persistent link: https://www.econbiz.de/10011398786
We investigate whether there is a link between conditional cooperation and betrayal aversion. We use a public goods game to classify subjects by type of contribution preference and by belief about the contributions of others; and we measure betrayal aversion for different categories of subject....
Persistent link: https://www.econbiz.de/10011298544
We report an experiment comparing sequential and simultaneous contributions to a public good in a quasi-linear two … ; experiment …
Persistent link: https://www.econbiz.de/10003824722
We derive, compare, and test the predictions of three models of gift exchange: Classical (CGE); Augmented (AGE) based on unexpected wage surprises and first order beliefs; and Belief-based (BGE) that uses second order beliefs to formally model guilt-aversion. Motivated by Akerlof (1982), we also...
Persistent link: https://www.econbiz.de/10012499512
reciprocity, and third-party punishment – emerges earliest as a means to increase cooperation in a repeated prisoner's dilemma … reciprocate others' behavior, yet direct and indirect reciprocity do not increase overall cooperation rates. We also examine the …
Persistent link: https://www.econbiz.de/10012668493
and indirect reciprocity as well as third-party punishment – emerges earliest as an effective means to increase … of defectors is applied. Children also engage in reciprocating others, showing that reciprocity strategies are already … prevalent at a very young age. However, direct and indirect reciprocity treatments do not increase overall cooperation rates, as …
Persistent link: https://www.econbiz.de/10012547006
Reciprocity can be a powerful motivation for human behaviour. Scholars argue that it is relevant in the context of … private provision of public goods. We examine whether reciprocity can resolve the associated coordination problem. The … interaction of reciprocity with cost-sharing is critical. Neither cost-sharing nor reciprocity in isolation can solve the problem …
Persistent link: https://www.econbiz.de/10010383392