Fair Threats and Promises

Alejandro Moreno-Okuno

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper I argue that the concept of Sequential Reciprocity of Dufwenberg and Kirchsteiger (2004) doesn't take correctly into consideration the role of threats and promises and I develop a solution concept of reciprocity which I call Fair Threats Equilibrium, that I believe is better at evaluating the fairness of threats and promises.

Keywords: Fairness; Threats; Promises; Game Theory (search for similar items in EconPapers)
JEL-codes: D0 D01 D03 (search for similar items in EconPapers)
Date: 2015-12-23
New Economics Papers: this item is included in nep-hpe and nep-mic
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