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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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The model explains observations from games where equity is thought to be a factor, such as ultimatum and dictator, games where reciprocity is equiity to play a role, such as the prisoner’s dilemma and gift exchange, and games where competitive behavior is observed, such as Bertrand markets. As the access to this document is restricted, you may want to search for a different version of it.

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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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Holt, Charles A, 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.

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ERC: A Theory of Equity, Reciprocity, and Competition

A Theory of Equity, Reciprocity, and Competition. RePEc uses bibliographic data supplied by the respective publishers. For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: If you are a registered author of this item, you may also want to check the “citations” tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

More about this item Competihion classification: Axel Ockenfels Gary E. Corrections All material on this site has been provided by the respective publishers and authors.

Please note that corrections may take a couple of weeks to filter through the various RePEc services. David K Levine, The model is incomplete information but nevertheless posed entirely in terms of directly observable variables.