The gift-exchange game is a form of sequential prisoner's dilemma, developed by Fehr et al. (1993), and popularized in a series of papers by Ernst Fehr and co-authors. While the European studies typically feature a high degree of gift exchange, the few U.S. studies provide some conflicting results. We find that the degree of gift exchange is surprisingly sensitive to an apparently innocuous change-whether or not a comprehensive payoff table is provided in the instructions. We also find significant and substantial time trends in responder behavior.
|Original language||English (US)|
|Number of pages||17|
|State||Published - Jun 2004|
- Gift exchange
ASJC Scopus subject areas
- Economics, Econometrics and Finance (miscellaneous)