information on the surplus created. Recent field experiments, however, suggest that trust and reciprocity may be lower or absent … information in a bilateral gift exchange setting. We find that trust and reciprocity have a significant positive effect on wages …, effort and efficiency. But, all three are substantially lower under incomplete than under complete information. The negative …

information on the surplus created. Recent field experiments, however, suggest that trust and reciprocity may be lower or absent … information in a “bilateral gift exchange” setting. We find that trust and reciprocity have a significant positive effect on wages …, effort and efficiency. But, all three are substantially lower under incomplete than under complete information. The negative …

information on the surplus created. Recent field experiments, however, suggest that trust and reciprocity may be lower or absent … information in a bilateral gift exchange setting.We find that trust and reciprocity have a significant positive effect on wages …, effort and efficiency.But, all three are substantially lower under incomplete than under complete information.The negative …

particular, we analyze how horizontal fairness concerns affect performance and efficiency in an environment characterized by …