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Cooperation and mistrust in relational contracts
Herz, Holger; Schmutzler, Armin; Volk, André - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011526817
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Cooperation and mistrust in relational contracts
Herz, Holger; Schmutzler, Armin; Volk, André - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10011521953
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Cooperation and Mistrust in Relational Contracts
Herz, Holger - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10012984557
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Cooperation and Mistrust in Relational Contracts
Herz, Holger - 2016
Work and trade relationships are often governed by relational contracts, in which incentives for cooperative action today stem from the prospective future benefits of the relationship. In this paper, we study how reductions in clarity about the financial consequences of actions, induced by...
Persistent link: https://www.econbiz.de/10012981595
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Estimating individual ambiguity aversion : a simple approach
Genîzî, Ûrî; Imas, Alex; List, John A. - 2015
We introduce a simple, easy to implement instrument for jointly eliciting risk and ambiguity attitudes. Using this instrument, we structurally estimate a two-parameter model of preferences. Our findings indicate that ambiguity aversion is significantly overstated when risk neutrality is assumed....
Persistent link: https://www.econbiz.de/10010483592
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Choice, deferral, and consistency
Costa‐Gomes, Miguel A.; Cueva, Carlos; Gerasimou, Georgios - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1297-1318
We report on two novel choice experiments with real goods where subjects in one treatment are forced to choose, as is … the norm in economic experiments, while in the other they are not but can instead incur a small cost to defer choice … by rational choice. Our results suggest that nonforced‐choice experiments and models can be helpful in separating people …
Persistent link: https://www.econbiz.de/10013382078
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Entitlements and obligations
Schlicht, Ekkehart - 2016
Market interactions are brought about by the interplay of entitlements and obligations. Entitlements are rights, as perceived by the individuals. They are subjectively perceived rights that go along with a motivational disposition to defend them. Obligations are the counterparts of entitlements....
Persistent link: https://www.econbiz.de/10011568557
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Revealing the value of relationships
Halac, Marina - In: Journal of institutional and theoretical economics : JITE 179 (2023) 3/4, pp. 661-672
Persistent link: https://www.econbiz.de/10014487136
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The interaction between explicit and relational incentives : an experiment
Sloof, Randolph; Sonnemans, Joep - 2009
We consider repeated trust game experiments to study the interplay between explicit and relational incentives. After …
Persistent link: https://www.econbiz.de/10011378080
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Putting relational contract theory to the test : experimental evidence
Erkal, Nisvan; Wu, Steven Y.; Roe, Brian - In: Experimental economics : a journal of the Economic … 25 (2022) 1, pp. 111-139
Persistent link: https://www.econbiz.de/10012817405