Abstract for: Social Preferences in Dynamically Complex Supply Chains: Reciprocity in the Beer Distribution Game

Most classic economic models describe decision-making of economic agents as a purely material payoff-maximizing calculation, and by assuming perfect information and rational-ity of the agents. While these assumptions are untenable in many situations and have been critically reflected on since the middle of the 20th century, one equally untenable component of the homo economicus notion has only been of interest to the scientific discourse since much later: the disregard of social preferences in supply chain decision-making. We conduct a simulation study of the effect of reciprocity in a slightly extended version of the Beer Distribution Game.