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Intention-based economic theories of reciprocity


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Fecha
2002-07

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Editorial Universidad del Rosario

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Resumen
Abstract
In recent years, several experiments have shown individuals exhibit authentic reciprocal behaviour in anonymous one-shot interactions. As reciprocity has been shown to be relevant in several economic fields, there have also been several attempts to model reciprocal bahaviour. I review the intention-based models of reciprocity and present an example of teacher management in the public sector in which the government offers an incentive scheme to implement a program. The incentive scheme has a prisoner´s dilemma structure. In both simultaneous and sequential games, equilibrium results may differ from those predicted by standard theory.
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Keywords
Intention-based models , Reciprocal behavior , Intention-based models
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