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player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity … concerns, the materialistic player ends up with a negligible share of the gains from trade. -- Reciprocity ; Psychological …
Persistent link: https://www.econbiz.de/10008695432
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
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/10011444226
; Reciprocity ; Revelation Principle …
Persistent link: https://www.econbiz.de/10009743166
. -- financial advisors ; moral hazard ; reciprocity ; experiments …
Persistent link: https://www.econbiz.de/10003980494
, risk aversion, and reciprocity. Particularly, we are interested in the role of reciprocity because the possibility of …-social, lottery-like setting, where a computer plays the role of the receiver. This means that the relevance of reciprocity … that sendings are mainly driven by overoptimistic beliefs. We use a modified version of the reciprocity model of Dufwenberg …
Persistent link: https://www.econbiz.de/10013056469
) is added in order to introduce reciprocity. We find significantly higher rates of selfish choices in our treatments that …
Persistent link: https://www.econbiz.de/10011576929
, strategic motives appear as a major drive for trustees, comparable in size to positive reciprocity, and more important than …
Persistent link: https://www.econbiz.de/10011734290
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