systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … reciprocity. Moreover, several theoretical Papers have been written showing that the observed phenomena can be explained in a … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …

Behavioural economists have come to recognize that reciprocity, the interaction of trust and trustworthiness, is a … power of trust as a determinant of those decisions, suggesting that altruism may explain much of what ‘looks like’ trust … protocols and framing. Therefore, we propose discriminatory tests for altruism and trust that can be based on within …

In this paper we study the economic effects of risk attitudes, time preferences, trust and reciprocity while we compare … the two groups mainly in terms of risk attitudes and positive reciprocity. Second generation migrants have a significantly … higher willingness to take risks and they are less likely to have a low amount of positive reciprocity when compared to …

respond in-kind to hostile or kind actions. Little is known, however, about: (i) the prevalence of reciprocity in the … population, (ii) individual determinants of reciprocity, (iii) the correlation between positive and negative inclinations within … inclinations, in particular in terms of positive reciprocity. However, there is substantial heterogeneity in the degree of …

This Paper presents a formal theory of reciprocity. Reciprocity means that people reward kind actions and punish unkind …

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful …

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common …

implement a control strategy, which consists of low effort discretion and little or no rent-sharing, or they implement a trust … control strategy prevails, while the possibility of screening renders the trust strategy profitable. The introduction of … competition substantially fosters the trust strategy, reduces market segmentation, and leads to large welfare gains for both …