Simple and complex gift exchange in the laboratory.
We examine an experimental gift exchange game in which the players can improve on the unique no-gifts equilibrium by two different types of gift exchange: simple and complex exchange, respectively. Complex exchange gives higher payoffs than simple exchange, but it requires not only mutual trust, lik...
| Publicado en: | Economic Inquiry Vol. 39; no. 2; pp. 280 - 298 |
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| Autores principales: | , , |
| Formato: | Artículo |
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Wiley-Blackwell
April 2001
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=510143182&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 510143182 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00952583 EIQ jtl: Economic Inquiry issn: 00952583 maglogo: N pubinfo: dt: April 2001 vid: 39 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 510143182 10.1093/ei/39.2.280 ppf: 280 ppct: 18 formats: fmt: – @attributes: type: T – @attributes: type: P size: 1MB tig: atl: Simple and complex gift exchange in the laboratory. aug: au: Heijden, Eline C. M. van der Nelissen, Jan H. M. Potters, Jan J. M. su: Economics Game theory Exchange Nash equilibrium Two-person zero-sum games Experimental design sug: subj: Economics Game theory Exchange Nash equilibrium Two-person zero-sum games Experimental design ab: We examine an experimental gift exchange game in which the players can improve on the unique no-gifts equilibrium by two different types of gift exchange: simple and complex exchange, respectively. Complex exchange gives higher payoffs than simple exchange, but it requires not only mutual trust, like with simple exchange, but also a substantial degree of coordination. We examine whether players are able to conclude simple and complex exchanges and how this is affected by the move and matching structure of the game. We find that the so-called partners treatment is a precondition for the occurrence of complex exchange. (JEL C90, D63, H55) Reprinted by permission of the publisher. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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