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Trust and reciprocity promote cooperation and are key elements of a successful social life. This study investigated the framing effects on trust and reciprocity behaviors. Using an iterated one-shot within-subjects design, this study explored how trust and reciprocity decisions changed when the...
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Contestants often need to incur an opportunity cost to participate in the competition. In this paper, we accommodate costly entry and study the effort-maximizing prize allocation rule in a contest environment of all-pay auction with incomplete information as in Moldovanu and Sela (2001). As...
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