This paper shows that reciprocity has powerful implications for many economic domains. It is an important determinant in the enforcement of contracts and social norms and enhances the possibilities of collective action greatly. Reciprocity may render the provision of explicit incentive...

To avoid the dangerous consequences of climate change, humans need to overcome two intertwined conflicts. First, they must deal with an intra-generational conflict that emerges from the allocation of costs of climate change mitigation among different actors of the current generation. Second,...