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In the hold-up problem incomplete contracts cause the proceeds of relation specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10002812571
. -- Intentions ; reciprocity ; fairness … reciprocity (rejecting proposals) if an unchosen alternative was costly to the proposer. Second, we find proposers to anticipate …
Persistent link: https://www.econbiz.de/10009557632
In the hold-up problem incomplete contracts cause the proceeds of relation-specific investments to be allocated by ex-post bargaining. The present paper investigates the efficiency of incomplete contracts if individuals have heterogeneous preferences implying heterogeneous bargaining behavior...
Persistent link: https://www.econbiz.de/10010371083
systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … reciprocity. Moreover, several theoretical Papers have been written showing that the observed phenomena can be explained in a … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …
Persistent link: https://www.econbiz.de/10005656392
Reciprocity is one of the main basic social relations that constitute societies. It consists of being favourable to … rationales: (1) balance (comparison, matching), often related to equality and fairness, or to the desire to avoid moral … fact proper reciprocity). Reciprocity extends to important cases of aids inducing aids that are not strictly reciprocal. It …
Persistent link: https://www.econbiz.de/10014023677
and field experiments, surveys, and observational data, as well as neuroeconomic research, suggests that workers …' perceptions of fairness and trust are also key drivers of their work effort. Treating employees with respect is not only ethically …
Persistent link: https://www.econbiz.de/10011413663
We explore the effects of social distance on reciprocal behavior in an experiment conducted over the Internet on three continents and in classroom laboratory sessions conducted in Israel and Spain.
Persistent link: https://www.econbiz.de/10005245517
We analyze the effects of introducing asymmetric information and expectations in the investment game (Berg et al., 1995). In our experiment, only the trustee knows the size of the surplus. Subjects’ expectations about each other’s behavior are also elicited. Our results show that average...
Persistent link: https://www.econbiz.de/10005765175
Reciprocity is common in economic and social domains, and it has been widely documented in the laboratory. While … positive and negative reciprocity are observed in investment and ultimatum games, respectively, prior laboratory studies often … delays on reciprocity in the investment and ultimatum games. We manipulate the time delay after second movers have been …
Persistent link: https://www.econbiz.de/10010747598
between back-transfers and second- order beliefs of the trustor: While reciprocity models predict a negative correlation … studies investigating the reaction of trustees to their beliefs are due to the fact that reciprocity and guilt-aversion are …
Persistent link: https://www.econbiz.de/10011480420