Revealed reciprocity

We propose and characterize the General Reciprocity Model in a framework of context-dependent choice. In the model, the second mover can establish their own rules regarding when or why to reciprocate. The model disentangles the baseline social preference from reciprocity: reciprocity occurs when peo...

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Bibliographic Details
Published in:Journal of economic theory 2025-03, Vol.224, p.105974, Article 105974
Main Author: Cheung, Paul H.Y.
Format: Article
Language:English
Subjects:
Context-dependent choice
Contextual shrinkage
Reciprocity
Revealed preference
Social preference
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