haku: @indexterm EQUITY PORTFOLIOS / yhteensä: 49
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| Tekijä: | Bolton, G. Ockenfels, A. |
| Otsikko: | ERC: a theory of equity, reciprocity, and competition |
| Lehti: | American Economic Review
2000 : MAR, VOL. 90:1, p. 166-193 |
| Asiasana: | ECONOMICS EQUITY PORTFOLIOS COMPETITION |
| Kieli: | eng |
| Tiivistelmä: | The authors demonstrate that a simple model, constructed on the premise that people are motivated by both their pecuniary payoff and their relative payoff standing, organizes a large and seemingly disparate set of laboratory observations as one consistent pattern. The model is incomplete information but nevertheless posed entirely in terms of directly observable variables. The model explains observations from games where equity is thought to be a factor, such as ultimatum and dictator, games where reciprocity is thought to play a role. |
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