experimentally investigate the relationship between intrinsic and instrumental reciprocity by running a two-period repeated trust …, and that intrinsic reciprocity is rewarded. In fact, the total level of cooperation, in which trust is reciprocated, is … do not know and hence the second period comes as a surprise. We find that subjects anticipate instrumental reciprocity …

experiment, I show that people are less likely to unilaterally destroy surplus for personal gain when a provisional allocation is … reciprocity that can rationalize the main findings of the endogenous institutions literature, including the ones from this … experiment …

determinants of cooperative behavior. We provide evidence indicating that the well-being maximizing level of trust is above the … income maximizing level. Higher trust is also linked to more cooperative and pro-social behaviors, including the private …