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We investigate gift exchange relationships in real jobs, making use of a field quasi-experiment associated with the exercise of stock options for roughly 4500 managers in a large public company. In this company, option grants are set equally for all employees within occupational categories, and...
Persistent link: https://www.econbiz.de/10013129185
In many cultures and industries gifts are given in order to influence the recipient, often at the expense of a third party. Examples include business gifts of firms and lobbyists. In a series of experiments, we show that, even without incentive or informational effects, small gifts strongly...
Persistent link: https://www.econbiz.de/10013097778
contrast, Thomas Jefferson and James Madison advocated a policy of "aggressive reciprocity" to force Britain to open its home …
Persistent link: https://www.econbiz.de/10013158026
lifting) matter less when individuals are more patient and altruistic, or exhibit less negative reciprocity. To account for …
Persistent link: https://www.econbiz.de/10012834459
Theorists and policy analysts have convincingly argued that greater trust makes a more efficient society by eliminating … costly contracts or expensive reputations. Concurrently, experiments suggest that reciprocity is a potent substitute for law … trust-building contract device: satisfaction guaranteed. We find that satisfaction guaranteed indeed builds trust and …
Persistent link: https://www.econbiz.de/10012957379
reciprocity, altruism, and trust from 80,000 individuals in 76 countries. The data reveal substantial heterogeneity in preferences …
Persistent link: https://www.econbiz.de/10012945159
question, providing detailed coverage on three key design features of the GATT/WTO: reciprocity, nondiscrimination as embodied …
Persistent link: https://www.econbiz.de/10012996393
are insensitive to the precise return to the employer. Turning to reciprocity, we find little evidence of a response to … anything, positive reciprocity in response to monetary ‘gifts' may be larger than negative reciprocity. We revisit the results … reciprocity in these experiments …
Persistent link: https://www.econbiz.de/10012997885
We study how reelection concerns affect reciprocity by elected leaders to the voters who elected them. If showing … reciprocity? We present a signalling model of candidate behavior, where we show that candidates may limit intrinsic reciprocity to … reelected may limit intrinsic reciprocity of an elected leader to the voters who put her in office, but does not eliminate it …
Persistent link: https://www.econbiz.de/10013306903
Classic Big Push industrialization envisions state planners coordinating economic activity to internalize a range of externalities that otherwise lock in a low-income equilibrium, but runs afoul of well-known government failure problems. Successful Big Push coordination may occur instead when a...
Persistent link: https://www.econbiz.de/10013128601