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Two firms, each consisting of a team with the owner and just oneemployee, compete on the labor market with free labor mobility. Afterobserving the investment decisions by firm owners their employees canengage in costly training, thus increasing their general and firm-specificproductivity, which...
Persistent link: https://www.econbiz.de/10005866874
Der Beitrag geht der Frage nach den Folgen von Internationalisierungsprozessen kleiner und mittlerer Unternehmen (KMU) für deren Betriebliche Sozialordnung nach. Als charakteristisch für kleinere und mittlere Unternehmen wird dabei der starke Bezug von Geschäftsführung und Beschäftigten auf...
Persistent link: https://www.econbiz.de/10012141464
important primitives of social capital trust and reciprocity - which can be used to explain deviations from the Nash equilibrium …
Persistent link: https://www.econbiz.de/10005859519
We examine the degree of trust and reciprocity in an experimental trust game with 662 participants from six different … age groups, ranging from 8 year old primary school children to retired persons in their late sixties. Although both trust … research has devoted surprisingly little attention to their development with age. Our results provide clear evidence that trust …
Persistent link: https://www.econbiz.de/10005866861
We analyze the effects of introducing asymmetric information andexpectations in the investment game (Berg et al., 1995). In our experiment,only the trustee knows the size of the surplus. Subjects’expectations about each other’s behavior are also elicited. Our resultsshow that average payback...
Persistent link: https://www.econbiz.de/10005866876
Experimental evidence reveals that there is a strong willingness to trust and to act in both positively and negatively … buyers, as well as needing to trust others and reciprocate with their network. We base our analysis on the German Socio …-Economic Panel and recently introduced questions about trust, positive reciprocity, and negative reciprocity to examine the extent …
Persistent link: https://www.econbiz.de/10008826905
This paper studies the role of autonomy and reciprocity in explaining control averse responses in principal-agents interactions. While most of the social psychology literature emphasizes the role of autonomy, recent economic research has provided an alternative explanation based on reciprocity....
Persistent link: https://www.econbiz.de/10011308435
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not onlymutual trust, like simple exchange, but also a substantial degree of coordination. We examinewhether players are …
Persistent link: https://www.econbiz.de/10011317441