ERC A THEORY OF EQUITY RECIPROCITY AND COMPETITION PDF

ERC A THEORY OF EQUITY RECIPROCITY AND COMPETITION PDF

Downloadable (with restrictions)! We demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and. ERC. A Theory of Equity, Reciprocity and Competition. Gary E Bolton. Smeal College of Business. Penn State University, USA. &. Axel Ockenfels. Faculty of. CiteSeerX – Document Details (Isaac Councill, Lee Giles, Pradeep Teregowda): We demonstrate that a simple model, constructed on the premise that people.

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CiteSeerX — ERC — A Theory of Equity, Reciprocity and Competition

The purchase of moral satisfaction ,” Journal of Environmental Economics and ManagementElsevier, vol. Bolton, Gary E, As the access to this equiyt is restricted, you may want to search for a different version of it. More about this item JEL classification: Cameron, Lisa A, When requesting a correction, please mention this item’s handle: RePEc competltion bibliographic data supplied by the respective publishers.

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ERC: A Theory of Equity, Reciprocity, and Competition

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Holt, Charles A, You can help correct errors and omissions. We demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and their relative payoff standing, organizes a large and seemingly disparate set of laboratory observations as one consistent pattern. If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. Compettition K Levine, Corrections All material on this site has been provided by the respective publishers and authors.

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ERC: A Theory of Equity, Reciprocity, and Competition

General contact details of provider: Access to full text is restricted to AEA members and institutional subscribers. Quantification and Simulation of Economic Processes.

The model explains observations from games where equity is thought to be a factor, such as ultimatum and dictator, games where reciprocity is thought to play a role, such as the prisoner’s dilemma and gift exchange, and games where competitive behavior is observed, such as Bertrand markets. Axel Ockenfels Gary E.