Güth, Werner; Kliemt, Hartmut; Levati, M. Vittoria; … - In: Journal of Institutional and Theoretical Economics (JITE) 163 (2007) 1, pp. 143-157
Standard economic explanations of good conduct in trade rely almost exclusively on future-directed extrinsic motivations induced by material incentives. But intrinsic motives to behave trustworthily and to punish untrustworthiness do support trade. In our model, intrinsically motivated players...