Showing 1 - 10 of 274
the impact of competition on the market outcome. …
Persistent link: https://www.econbiz.de/10010291013
the impact of competition on the market outcome. …
Persistent link: https://www.econbiz.de/10005704175
There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish...
Persistent link: https://www.econbiz.de/10005760905
governed by incomplete contracts. We show that the norm of reciprocity that leads to gift exchanges is an effective contract …
Persistent link: https://www.econbiz.de/10005463524
In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans …. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in … that ultimate theories of kin selection, reciprocal altruism, costly signalling and indirect reciprocity do not provide …
Persistent link: https://www.econbiz.de/10010262063
theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted …
Persistent link: https://www.econbiz.de/10010267590
experiments ruled out gift exchange or reciprocity motives, that is, subjects could not reciprocate for a gift. This paper reports … results indicate that reciprocity motives may indeed be capable of driving a competitive experimental market permanently away …
Persistent link: https://www.econbiz.de/10010291014
In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans …. Strong reciprocity means that people willingly repay gifts and punish the violation of cooperation and fairness norms even in … that ultimate theories of kin selection, reciprocal altruism, costly signalling and indirect reciprocity do not provide …
Persistent link: https://www.econbiz.de/10005761704
experiments ruled out gift exchange or reciprocity motives, that is, subjects could not reciprocate for a gift. This paper reports … results indicate that reciprocity motives may indeed be capable of driving a competitive experimental market permanently away …
Persistent link: https://www.econbiz.de/10005764177
In this paper we show that a simple model of reciprocal preferences explains major experimental regularities of common pool resource (CPR) experiments. The evidence indicates that in standard CPR games without communication and without sanctioning possibilities inefficient excess appropriation...
Persistent link: https://www.econbiz.de/10005585660