Netzer, Nick; Schmutzler, Armin - In: Journal of the European Economic Association 12 (2014) 6, pp. 1586-1616
This paper explores the limitations of intention-based social preferences as an explanation of gift-exchange between a firm and a worker. In a framework with one self-interested and one reciprocal player, gift-giving never arises in equilibrium. Instead, any equilibrium in a large class of...