ERC: A Theory of Equity, Reciprocity, and Competition

By Gary E. Bolton, Axel Ockenfels. 2000

5,773 citations recorded by the source corpus.

Subfields: Demography, General Decision Sciences, Safety Research

View Paper: https://www.semanticscholar.org/paper/38ce98b56d96b2c9961202ac2c2c806358813099

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Citations in the corpus

The Pluralism of Fairness Ideals: An Experimental Approach (2007, methodology): “More formally, we assume that person i is maximising the following utility function when proposing a distribution (this is a generalisation of the utility function studied by Bolton and Ockenfels (2000)),”
Social ties and coordination on negative reciprocity: The role of affect (2008, background): “Fehr and Schmidt, 1999; Bolton and Ockenfels, 2000 ).”
From dual processes to multiple selves: Implications for economic behavior (2014, background): “So far, formal models in economics have integrated non-selfish motives into the utility functions as additional components on equal footing with the selfish motive (see Fehr and Schmidt 1999; Bolton and Ockenfels 2000; Falk and Fischbacher 2006).”
Trust and Information Sharing in Supply Chains (2012, background): “Cachon and Fisher (2000) showed that combining the manufacturer’s and the retailer’s forecasts improves the flow of goods in supply chain.”
Testing theories of fairness - Intentions matter (2008, methodology): “Given the results shown in Table 3 we can reject the predictions by Bolton and Ockenfels (2000) and Fehr and Schmidt (1999).”
Asymmetric inequality aversion and noisy behavior in alternating-offer bargaining games (2000, methodology): “This model incorporates the insights of Bolton and Ockenfels (1999) and Fehr and Schmidt (1999) into an a logit equilibrium analysis motivated by McKelvey and Palfrey (1995).”
Constructivist and Ecological Rationality in Economics (2003, background): “Neuroeconomics is concerned with studying the connections between how the mind/brain works–the internal order of the mind–and behavior in (1) individual decision making, (2) social exchange and (3) institutions such as markets.”
On the Nature of Reciprocal Motives (2005, background): “Bolton et al. (2000) investigate the impact of random procedures on experimental subjects.”
The power of asking: How communication affects selfishness, empathy, and altruism (2011, methodology): “A common finding is that most subjects exhibit significant altruism and inequity aversion (Fehr and Schmidt, 1999; Bolton and Ockenfels, 2000).”
INTERDEPENDENT PREFERENCES AND RECIPROCITY (2005, methodology): “In this case, Falk and Fischbacher’s (forthcoming) model has the flavor of the models of Bolton and Ockenfels (2000) and Fehr and Schmidt (1999). Since the approach outlined in this subsection generalizes the interdependent preference approach, without restrictions, it has broader descriptive powers”
Positive reciprocity and intentions in trust games (2003, methodology): “Here we briefly outline two recent outcome-based models: ERC (Bolton and Ockenfels, 2000)and the Fehr-Schmidt model.”
Strong reciprocity, human cooperation, and the enforcement of social norms (2002, background): “…versus the future, how close one’s house is to work, and so forth.7 In recent years several theories of social preferences have been developed (Rabin 1993; Dufwenberg and Kirchsteiger 1999; Falk and Fischbacher 1999; Fehr and Schmidt 1999; Bolton and Ockenfels 2000; Charness and Rabin 2000).”