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Intention - Based economic theories of reciprocity

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  • Darwin Cortes

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.

Suggested Citation

  • Darwin Cortes, 2002. "Intention - Based economic theories of reciprocity," Revista de Economía del Rosario, Universidad del Rosario, December.
    • Handle: RePEc:col:000151:002905
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    File URL: http://revistas.urosario.edu.co/index.php/economia/article/view/1010/909
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    References listed on IDEAS

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    More about this item

    Keywords

    Teoría de juegos; juegos sicológicos; modelos basados en intensiones; reciprocidad;
    All these keywords.

    JEL classification:

    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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