Rossi, Alessandro and Warglien, Massimo (2001) An experimental investigation of fairness and reciprocal behavior in a triangular principal-multiagent relationship. In «ROCK Working Papers», Università degli Studi di Trento. (Unpublished)
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Abstract
Issues of fairness in hierarchies have been mostly investigated - both theoretically and experimentally - within dyadic principle-agent relationships. In this paper we consider triangular principal-multiagents structures, integrating vertical hierarchical relationships with horizontal agent-to-agent ones. We explore in the laboratory a game that allows to investigate how principal's fairness affects cooperation between two interdependent agents performing a simple production task. Our experimental findings show that perceived fairness of principal's actions may trigger reciprocation in agent's behavior, affecting how agents play the production game.
| Item Type: | Article in journal |
|---|---|
| Department or Research center: | Computer and management sciences |
| Subjects: | Q Science > QA Mathematics > QA269 Game theory H Social Sciences > HB Economic Theory > HB131 Methodology |
| Uncontrolled Keywords: | Principal-agent theory - prisoner's dilemma - reciprocity - fairness - experimental economics |
| Repository staff approval on: | 14 Jan 2011 |
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