Semantic Scholar Open Access 2000 3414 sitasi

Fairness and Retaliation: The Economics of Reciprocity

E. Fehr S. Gächter

Lihat Sumber DOI

Abstrak

This paper shows that reciprocity has powerful implications for many economic domains. It is an important determinant in the enforcement of contracts and social norms and enhances the possibilities of collective action greatly. Reciprocity may render the provision of explicit incentive inefficient because the incentives may crowd out voluntary co-operation. It strongly limits the effects to competition in markets with incomplete contracts and gives rise to noncompetitive wage differences. Finally, reciprocity it is also a strong force contributing to the existence of incomplete contracts.

Topik & Kata Kunci

Economics

Penulis (2)

E. Fehr

S. Gächter

Format Sitasi

APA MLA BibTeX

Fehr, E., Gächter, S. (2000). Fairness and Retaliation: The Economics of Reciprocity. https://doi.org/10.2139/SSRN.229149

Akses Cepat

Lihat di Sumber doi.org/10.2139/SSRN.229149

Informasi Jurnal

Tahun Terbit: 2000
Bahasa: en
Total Sitasi: 3414×
Sumber Database: Semantic Scholar
DOI: 10.2139/SSRN.229149
Akses: Open Access ✓