Gift-exchange game
id:
gift-exchange-game-283-9118223
title:
Gift-exchange game
text:
The gift-exchange game, also commonly known as the gift exchange dilemma, is a common economic game introduced by George Akerlof and Janet Yellen to model reciprocacy in labor relations. The gift-exchange game simulates a labor-management relationship execution problem in the principal-agent problem in labor economics. The simplest form of the game involves two players – an employee and an employer. The employer first decides whether they should award a higher salary to the employee. The employe
brand slug:
wiki
category slug:
encyclopedia
description:
Type of game theory
original url:
https://en.wikipedia.org/wiki/Gift-exchange_game
date created:
date modified:
2024-03-12T00:01:53Z
main entity:
{"identifier":"Q97359428","url":"https://www.wikidata.org/entity/Q97359428"}
image:
fields total:
13
integrity:
14