• 1 Introduction
  • 2 Theory
  • 2.1 The Bilateral Gift Exchange Game
  • 2.2 Theoretical Predictions
  • 3 Motivation and Hypotheses
  • 3.1 Research Hypotheses
  • 4 Experimental design and practical procedures
  • 4.1 Experimental design
  • 4.2 Practical procedures
  • 5 Experimental Results
  • 5.1 Employees wage-effort schedule
  • 5.2 Managers wage-setting behavior
  • 6 Conclusion