Mahuteau, Stéphane - Department of Economics, Faculty of Business and Economics - 2006
We investigate to what extent reciprocity, exhibited by employers and employees, lead to stable gift exchange practices … of Sequential Reciprocity Equilibrium (Dufwenberg and Kirchsteiger 1998, 2004) to incorporate players’ preferences for … reciprocity in their utility function. We show that successful gift exchange practices may arise if both players actually care for …