Güth, Werner; Königstein, Manfred; Marchand, Nadège; … - In: Homo Oeconomicus 18 (2001), pp. 241-262
Experimental studies have shown that trust and reciprocity are effective in increasing efficiency when complete contracting is infeasible. One example is the study by Berg et al. (1995) of the investment game. In this game the person who receives the investment is the one who may reward the...