Construct · 1 fields · 1 citations

equity, reciprocity and competition model: a standalone construct

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equity, reciprocityand competition model1 CONSTRUCTEquity, reciprocity andBOLTON · EXPERIMENTAL

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Experimental economics

a model in which players care about their own payoff and about how their share compares with an equal split, explaining bargaining, public goods and market play.

In experimental economics, equity, reciprocity and competition model refers to a model in which players care about their own payoff and about how their share compares with an equal split, explaining bargaining, public goods and market play. This meaning comes from Bolton (2000) in American Economic Review.[1]

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Nearby constructs

bargaining1 fields · 2 citationsanchor · game theorycompetition model1 fields · 1 citationsanchor · a standalone constructequity4 fields · 4 citationsjingle · one word, four constructs

References

  1. Bolton, G. E., & Ockenfels, A. (2000). ERC: A Theory of Equity, Reciprocity, and Competition. American Economic Review, 90(1), 166-193. https://doi.org/10.1257/aer.90.1.166

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