Do Labour Market Conditions Affect Gift Exchange? Some Experimental Evidence
通过实验研究竞争失衡和最低工资对礼物交换市场中工资和生产率的影响，发现竞争状态影响不大，但最低工资可能降低生产率。
We study how two dimensions of market conditions affect behaviour in experimental gift-exchange markets with repeated interaction. First, we consider the impact of competitive imbalance, by varying whether there is an excess supply of firms or an excess supply of workers in the market. Second, we impose a minimum wage in the market with an excess supply of workers, and study the overall effect on wages and productivity. Perhaps surprisingly, the state of competition does not appear to have strong effects in our data; however, there is some evidence of lower productivity when a minimum wage is imposed. © Royal Economic Society 2004.