We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …

We devise an experiment to explore the effect of different degrees of competition on optimal contracts in a hidden …

This paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …

experiment. We find that subjects often use selective disclosure strategies, and this finding appears to be robust to changes in … the information structure, the mode of competition, and the degree of product differentiation. Moreover, in our experiment …

reduces reciprocity. -- trust ; reciprocity ; investment game ; group membership ; competition …