Netzer, Nick; Schmutzler, Armin - 2010 - Rev. version January 2010
rather than positive altruism. In a large class of two-stage games that includes principal-agent and gift-giving games, this … player has higher material payoffs, so that reciprocity does not increase equity: For sufficiently strong reciprocity … concerns, the materialistic player ends up with a negligible share of the gains from trade. -- Reciprocity ; Psychological …