Charness, Gary B - Department of Economics, University of California-Santa … - 2004
Papers such as Akerlof and Yellen (1990) and Rabin (1993) argue that considerations such as fairness and reciprocity are important in individual decision-making. The gift-exchange game (Fehr, Kirchsteiger & Reidl, 1993, and many others) has established that, in the laboratory, higher wages...