In recent years a large number of experimental studies have documented the existence of strong reciprocity among humans. Strong reciprocity means...
Details →During the last two decades economists have made much progress in understanding incentives, contracts and organisations. Yet, they constrained their...
Details →Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material...
Details →A substantial number of people exhibit social preferences, which means they are not solely motivated by material self-interest but also care...
Details →This paper reports the results of a series of competitive labour market experiments in which subjects have the possibility to reciprocate favours. In...
Details →One of the most basic questions in economics concerns the effects of competition on market prices. We show that the neglect of both fairness concerns...
Details →There is strong evidence that people exploit their bargaining power in competitive markets but not in bilateral bargaining situations. There is also...
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