This economic experiment tests the positive relationship between perceived intention and positive reciprocity by altering material-payoff structures in treatments, or material-payoff approach. To design the treatments, this study applies a signalling model to explain how the intention of an...

This study experimentally tests the positive relationship between perceived intention and positive reciprocity by altering material-payoff structures. To design the treatments, we apply a signalling model to explain how the intention of an action is signalled and perceived. The model shows that...

This study experimentally tests the performance in predicting decisions of a reciprocity model that was proposed by Dufwenberg et al. (2004). By applying a new approach, the study directly and individually predicts a subject's future decision from his past decision. The prediction performance is...

This study theoretically presents a new auction design called "take-or-give auction." The auction solves the free-rider problem in the case of two symmetric and risk-neutral bidders competing for a good with countervailing positive externalities. The auction makes efficient allocation. Moreover,...

This study theoretically presents a new auction design called "take-or-give auction." Unlike in basic auction, the take-or-give auction imposes new rules which the bidders compete for their desired allocation of the object. The auction solves the free-rider problem when applied to an object with...