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Student
Title
Supervisor
Faculty
Educational Programme
Final Grade
Year of Graduation
Anna Kupriianova
Using Reciprocity in Principal-Agent Model
2016
Many firms offer to their employees not only perks and bonuses for overproducing, but also additional gifts that demonstrate principals` kindness to agent. This paper aims is based on experimental observations of reciprocal behavior and offers a model, that explains the way reciprocal effects can be used in principal-agent setting. Under a certain parameters contract that uses reciprocal effects gives principal higher profit than just bonus payments for overproducing.

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