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Cited by 374

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Fairness and Retaliation: The Economics of Reciprocity

Open access
Fehr, Ernst, G�chter, Simon·2000·SSRN Electronic Journal

Abstract

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.

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Crossref · 10.2139/ssrn.229149

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Metadata

Authors
Fehr, E., & G�chter, S.
Venue
SSRN Electronic Journal
Publisher
Elsevier BV
Published
2000
ISSN
1556-5068 (ISSN-L)
OpenAlex
W2100637225
Cited by
374
References
1
Type
posted content
Language
en
Open access
green

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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

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