Intention-based economic theories of reciprocity

In recent years, several experiments have shown individuals exhibit authentic reciprocal behaviour in anonymous one-shot interactions. As reciprocity has been shown to be relevant in several economic fields, there have also been several attempts to model reciprocal bahaviour. I review the intention-...

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Detalles Bibliográficos
Autor Principal: Cortes, Darwin
Formato: Documento de trabajo (Working Paper)
Lenguaje:Inglés (English)
Publicado: Editorial Universidad del Rosario 2002
Materias:
Acceso en línea:http://repository.urosario.edu.co/handle/10336/11297
Descripción
Sumario:In recent years, several experiments have shown individuals exhibit authentic reciprocal behaviour in anonymous one-shot interactions. As reciprocity has been shown to be relevant in several economic fields, there have also been several attempts to model reciprocal bahaviour. I review the intention-based models of reciprocity and present an example of teacher management in the public sector in which the government offers an incentive scheme to implement a program. The incentive scheme has a prisoner´s dilemma structure. In both simultaneous and sequential games, equilibrium results may differ from those predicted by standard theory.