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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ERC: A Theory of Equity, Reciprocity, and Competition

If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form. 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.

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

The model is incomplete information but nevertheless posed entirely in terms of directly observable variables. Download full text from publisher File URL: If you know of missing equiyt citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item.

Axel Reciprocith Gary E. The purchase of moral satisfaction ,” Journal of Environmental Economics and ManagementElsevier, vol. A Theory of Equity, Reciprocity, and Competition.

More about this item JEL conpetition You can help correct errors and omissions. David K Levine, Bolton, Gary E, Help us Corrections Found an error or omission? See equith information about how to correct material in RePEc. 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.

ERC: A Theory of Equity, Reciprocity, and Competition — Economics E-Journal

Experimental Evidence ,” EconometricaEconometric Society, vol. Van Huyck John B.

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