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This paper studies the impact of intention-based reciprocity preferences on the free-riding problem arising in … partnerships. Our results suggest a tendency of efficient partnerships to consist of members whose sensitivity to reciprocity is … require a reciprocity based sharing rule such that each partner gets a fraction of the output that is a percentage of his own …
Persistent link: https://www.econbiz.de/10008591374
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10010354632
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guilt aversion and reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our …
Persistent link: https://www.econbiz.de/10010263175
reciprocity under which contributions are related to second- and first-order beliefs, respectively. Our results are consistent …
Persistent link: https://www.econbiz.de/10010265677
We introduce intention-based social preferences into a mechanism design framework with independent private values and quasilinear payoffs. For the case where the designer has no information about the intensity of social preferences, we provide conditions under which mechanisms which have been...
Persistent link: https://www.econbiz.de/10011282463
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10010315514
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927