Fairness versus efficiency: An experimental study of (mutual) gift giving

Fairness is a strong concern as shown by dictator and ultimatum experiments. Efficiency, measured by the sum of individual payoffs, is a potentially competing concern in games, such as the prisoners’ dilemma. In our experiment, the participants can increase efficiency by giving gifts. In the one-sid...

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Veröffentlicht in:	Journal of economic behavior & organization 2003-04, Vol.50 (4), p.465-475
Hauptverfasser:	Güth, Werner, Kliemt, Hartmut, Ockenfels, Axel
Format:	Artikel
Sprache:	eng
Schlagworte:	Charity Economic behaviour Economic theory Efficiency Experimental economics Experiments Fairness Game theory Gift Gifts Organization theory Reciprocity Studies
Online-Zugang:	Volltext
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