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The Theory of Reciprocity

In: The Economics of Reciprocity, Giving and Altruism

Author

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  • Serge-Christophe Kolm

    (Institute for Advanced Studies in the Social Sciences)

Abstract

There are gifts, including any act purposefully favourable to someone else and which is neither forced nor bought. Someone who receives a gift often feels the urge or the envy to reciprocate with a return gift, thus establishing a classical ‘gift/return-gift’ relationship. The initial giver may then give again, and so on, and a gift can be both a return gift of previous gifts and a cause of future return gifts. Such relations are reciprocities, including the elementary gift/return-gift. Reciprocities commonly associate several types of sentiment and motivation, such as self-interest, fellow-feeling, induced or reciprocal altruism, moral indebtedness, gratitude, fairness, sense of balance, good social relations, sense of community, norm — and duty — following and ‘proper’ behaviour, and others’ opinion and pressure, in various possible proportions. Pure gift-giving can be seen as a borderline case where the return gift vanishes.

Suggested Citation

  • Serge-Christophe Kolm, 2000. "The Theory of Reciprocity," International Economic Association Series, in: L.-A. Gérard-Varet & S.-C. Kolm & J. Mercier Ythier (ed.), The Economics of Reciprocity, Giving and Altruism, chapter 5, pages 115-141, Palgrave Macmillan.
  • Handle: RePEc:pal:intecp:978-1-349-62745-5_5
    DOI: 10.1007/978-1-349-62745-5_5
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    Citations

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    Cited by:

    1. Prouteau, Lionel & Wolff, Francois-Charles, 2006. "Does volunteer work pay off in the labor market?," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 35(6), pages 992-1013, December.
    2. Lionel Prouteau & François‐Charles Wolff, 2004. "Relational Goods and Associational Participation," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 75(3), pages 431-463, September.
    3. Steve Phelps & Wing Lon Ng & Mirco Musolesi & Yvan I Russell, 2018. "Precise time-matching in chimpanzee allogrooming does not occur after a short delay," PLOS ONE, Public Library of Science, vol. 13(9), pages 1-26, September.
    4. Jonathan Meer & Harvey S Rosen, 2007. "Altruism and the Child-Cycle of Alumni Donations," Working Papers 150, Princeton University, Department of Economics, Center for Economic Policy Studies..
    5. Lionel Prouteau & François-Charles Wolff, 2003. "Les services informels entre ménages : une dimension méconnue du bénévolat," Économie et Statistique, Programme National Persée, vol. 368(1), pages 3-31.
    6. Sudha Narayanan, 2012. "Notional contracts: The Moral economy of contract farming arrangements in India," Indira Gandhi Institute of Development Research, Mumbai Working Papers 2012-020, Indira Gandhi Institute of Development Research, Mumbai, India.
    7. Krishnamurthy, Sandeep & Tripathi, Arvind K., 2009. "Monetary donations to an open source software platform," Research Policy, Elsevier, vol. 38(2), pages 404-414, March.
    8. Frey, Bruno S. & Meier, Stephan, 2004. "Pro-social behavior in a natural setting," Journal of Economic Behavior & Organization, Elsevier, vol. 54(1), pages 65-88, May.
    9. Jonathan Meer & Harvey S. Rosen, 2007. "Altruism and the Child-Cycle of Alumni Giving," NBER Working Papers 13152, National Bureau of Economic Research, Inc.
    10. Wenjian Li & Yang Zhang & Yuanyuan Wu & Xue Han & Benhai Guo & Gang Xie, 2021. "Enterprise Reciprocity and Risk Preferences and the Sustainable Cooperation of Innovation Activities in Industrial Parks," Sustainability, MDPI, vol. 13(17), pages 1-22, August.
    11. Raut, Lakshmi K. & Tran, Lien H., 2005. "Parental human capital investment and old-age transfers from children: Is it a loan contract or reciprocity for Indonesian families?," Journal of Development Economics, Elsevier, vol. 77(2), pages 389-414, August.

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