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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Reputation and Reciprocity: Consequences for the Labour Relation |
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| Institution | University of Zurich |
| Series Name | Working paper series / Institute for Empirical Research in Economics |
| Number | No. 19 |
| ISSN | 1424-0459 |
| Date | 2002 |
| Abstract Text | "Recent evidence highlights the importance of social norms in many economic relations. However, many of these relationships are long-term and provide repeated game incentives for performance. We experimentally investigate interaction effects of reciprocity and repeated game incentives in two treatments (one-shot and repeated) of a gift-exchange game. In both treatments we observe reciprocity, which is strengthened in the repeated game. A detailed analysis shows that in the repeated game some subjects imitate reciprocity. Thus, reciprocity and repeated game incentives reinforce each other. Observed behaviour is robust against experience. We conclude that a long-term interaction is a “reciprocity-compatible” contract enforcement device." |
| Official URL | http://www.econ.uzh.ch/wp.html |
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