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player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10010315514
player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity …
Persistent link: https://www.econbiz.de/10008545923
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
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/10011282463
We introduce intention-based social preferences into a Bayesian mechanism design framework. We first show that, under common knowledge of social preferences, any tension between material efficiency, incentive compatibility, and voluntary participation can be resolved. Hence, famous impossibility...
Persistent link: https://www.econbiz.de/10010316927
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/10011522109
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
This paper studies how incentives are affected by intention-based reciprocity preferences when the principal hires many …
Persistent link: https://www.econbiz.de/10010942479
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/10010817273