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Two deviations of alternating-offer bargaining behavior from economic theory are observed together, yet have been studied separately. Players who could secure themselves a large surplus share if bargainers were purely self-interested incompletely exploit their advantage. Delay in agreement...
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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...
Persistent link: https://www.econbiz.de/10010354632
important in many interactions, we study a theoretical model on reciprocity where a player's altruism depends on her perception … empirically in a large scale online experiment and in the laboratory. In both experiments, the second mover's lying propensity … evidence that reciprocity does not play a role for lying behavior in our setting. …
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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 …
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An entrepreneur contracts with a consultant, who is protected by limited liability, to supply information about the state of a project prior to investing in it. For a given level of investment, a good project succeeds with higher probability than a bad one. The entrepreneur makes an upfront...
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by eroding motivation. The present paper shows that intention-based reciprocity can cause such motivational crowding …-out if individuals differ in their propensity for reciprocity and preferences are private information. Not being controlled …. -- extrinsic and intrinsic motivation ; crowding-out ; intention-based reciprocity ; incomplete information ; hidden costs of …
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; Reciprocity ; Revelation Principle …
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