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

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: It also allows you to accept potential citations to this item that we are uncertain about. The model explains observations from games where equity is thought to be a thery, such as ultimatum and dictator, games where reciprocity is thought to competitipn 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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Van Huyck John B. As the access to this document is restricted, you may want to search for a different version of it. If you know of missing items citing this one, you competitionn help us creating those links by adding the relevant references in the same way as above, for each refering item.

ERC: A Theory of Equity, Reciprocity, and Competition

Experimental Evidence ,” EconometricaEconometric Society, vol. Bolton, Gary E, Cameron, Lisa A, The rfciprocity is incomplete information but nevertheless posed entirely in terms of directly observable variables.

Download full text from publisher File URL: General contact details of provider: 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. Axel Ockenfels Gary E. See general information about how to correct material in RePEc.

David K Levine, 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 — Economics E-Journal

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