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Intention-based economic theories of reciprocity

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  • Darwin Cortes

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Abstract

Recientemente, varios experimentos han mostrado que los individuos exhiben un comportamiento auténticamente recíproco en interacciones anónimas que se dan una sola vez ('one-shot'). En tanto que se ha mostrado que la reciprocidad es relevante en múltiples campos de la economía, han existido varios intentos por modelar el comportamiento recíproco. Este documento revisa los modelos de reciprocidad que se fundamentan en las intenciones y presenta un ejemplo para el caso del manejo de los profesores en el sector público, en el que el gobierno ofrece un esquema de incentivos para la implementación de un programa. Este esquema tiene la estructura del dilema del prisionero. Tanto en los juegos simultáneos como secuenciales, los resultados de equilibrio puede ser distintos a los que predice la teoría convencional. ************************************************************************ In recent years, several experiments have shown that individuals exhibit authentic reciprocal behavior 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 reciprocical behavior. I review the intention-based models of reciprocity and present an example in teachers´ management in the public sector in which a government offers an incentive scheme to implement a program. The incentive scheme has the prisioner’s dilemma structure, In both simultaneous and sequential games, in equilibrium reciprocal teachers may reach other equilibria different from those predicted by the standard theory.

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Bibliographic Info

Paper provided by UNIVERSIDAD DEL ROSARIO in its series BORRADORES DE INVESTIGACIÓN with number 002904.

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Length: 26
Date of creation: 01 Jun 2002
Date of revision:
Handle: RePEc:col:000091:002904

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Keywords: Game theory; psychological games; Intention-based models; reciprocl behaviour;

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  1. Akerlof, George A, 1982. "Labor Contracts as Partial Gift Exchange," The Quarterly Journal of Economics, MIT Press, vol. 97(4), pages 543-69, November.
  2. Ernst Fehr & Simon Gaechter, 2000. "Fairness and Retaliation: The Economics of Reciprocity," CESifo Working Paper Series 336, CESifo Group Munich.
  3. Geanakoplos, John & Pearce, David & Stacchetti, Ennio, 1989. "Psychological games and sequential rationality," Games and Economic Behavior, Elsevier, vol. 1(1), pages 60-79, March.
  4. Frey, Bruno S & Jegen, Reto, 2001. " Motivation Crowding Theory," Journal of Economic Surveys, Wiley Blackwell, vol. 15(5), pages 589-611, December.
  5. Fehr, Ernst & Schmidt, Klaus M., 2001. "Theories of Fairness and Reciprocity," Discussion Papers in Economics 14, University of Munich, Department of Economics.
  6. David K. Levine, 1998. "Modeling Altruism and Spitefulness in Experiment," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 1(3), pages 593-622, July.
  7. Roland Benabou & Jean Tirole, 2003. "Intrinsic and Extrinsic Motivation," Review of Economic Studies, Wiley Blackwell, vol. 70(3), pages 489-520, 07.
  8. Hoxby, Caroline Minter, 1996. "How Teachers' Unions Affect Education Production," The Quarterly Journal of Economics, MIT Press, vol. 111(3), pages 671-718, August.
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