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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We demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and their relative equigy standing, organizes a large and seemingly disparate set of laboratory observations as one consistent pattern. As the access to this document is restricted, you may want to search for a different version of it.

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

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ERC: A Theory of Equity, Reciprocity, and Competition

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ERC: A Theory of Equity, Reciprocity, and Competition

Experimental Evidence ,” EconometricaEconometric Society, vol. Holt, Charles A, Please note that corrections may take a couple of weeks to filter through the various RePEc services.

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. Download full text from publisher File URL: More about this item JEL classification: David K Levine, RePEc uses bibliographic data supplied by the respective publishers. Access to full text is restricted to AEA members and institutional subscribers. General contact details of provider: Bolton, Gary E,