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Recent studies find ample evidence that monetary and immaterial gifts influence effort in the workplace. We investigate the impacts of monetary gift exchange and of expressions of respect on salespersons' reciprocity when purchasing doner durum, a common lunch snack. Prior to the food’s...
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New Keynesian dynamic stochastic general equilibrium models are the principal paradigm currently employed for central bank policy-making. In this paper, we construct experimental economies, populated with human subjects, with the structure of a New Keynesian DSGE model. We give individuals...
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this paper. They introduce the reader to variations of the Keynesian Beauty Contest (Keynes, The general theory of …
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Beauty Contest (Keynes, The General Theory of Employment, Interest, and Money, 1936), theoretically and experimentally with a …
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