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| Author: | Prendergast, C. Stole, L. |
| Title: | The non-monetary nature of gifts |
| Journal: | European Economic Review
2001 : DEC, VOL. 45:10, p. 1793-1810 |
| Index terms: | BUSINESS GIFTS SIGNALING |
| Freeterms: | SOCIAL RELATIONSHIPS |
| Language: | eng |
| Abstract: | This paper addresses the prevalence of non-monetary gifts over more highly valued and efficient monetary transfers in social relationships. The authors demonstrate that under a wide variety of circumstances, inefficient non-monetary gifts will be offered by a donor in lieu of cash in order to signal the donor's quality of information about the recipient's preferences. |
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