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In a credence goods game with an expert and a consumer, we study experimentally the impact of two devices that are predicted to induce consumer-friendly behavior if the expert has a propensity to feel guilty when he believes that he violates the consumerʼs payoff expectations: (i) an...
Persistent link: https://www.econbiz.de/10011049695
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10005822832
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10010271236
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10010294835
efficiency, we find that liability has a crucial, but verifiability only a minor effect. Allowing sellers to build up reputation …
Persistent link: https://www.econbiz.de/10005427646
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012584102
We study the development of cooperation in 929 young children, aged 3 to 6. In a unified experimental framework, we examine pre-registered hypotheses about which of three fundamental pillars of human cooperation – direct and indirect reciprocity, and third-party punishment – emerges earliest...
Persistent link: https://www.econbiz.de/10012668493
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012547006
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012548855
young children fail to anticipate the benefits of reputation building. We also show that the cognitive skills of children …
Persistent link: https://www.econbiz.de/10012550258