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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 …
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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...
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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
information on reciprocity types, implementability of an incentive-compatible social choice function is guaranteed if it satises … an additional insurance property. By contrast, precise information on reciprocity types may imply that all ecient social … agents have private information about their material payo types and their reciprocity types. We also provide a systematic …
Persistent link: https://www.econbiz.de/10011522109
Games that appear to be independent, involving none of the same players, may be related by emotions of reciprocity … Kirchsteiger’s model of sequential reciprocity (Games Econ Behav 47(2):268–298, 2004) to groups of individuals and define a new … “sequential group reciprocity equilibrium” for which we prove its existence. We study the case of two games with two players in …
Persistent link: https://www.econbiz.de/10011885713