| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072019 | Games and Economic Behavior | 2012 | 15 Pages |
Abstract
⺠We study the effects of reputation and competition in trust games. ⺠Under competition trustors can choose trustees. ⺠In the absence of reputation and competition, the inefficient Nash equilibrium predicts behavior extremely well. ⺠Reputation increases efficiency from close to zero to 30%. Coupled with competition efficiency reaches over 80%.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Steffen Huck, Gabriele K. Lünser, Jean-Robert Tyran,