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Q: What role does reciprocity play in exchange?
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Reciprocity is the mutual exchange of privleges between to entities.


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Reciprocity is the idea of mutual give-and-take, like if you give me your notes from the class I missed, I'll bake you cookies as reciprocity.


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Where is it possible to learn about the concept of reciprocity?

You can find general basic information on reciprocity on Wikipedia. Some books on reciprocity are: Reciprocity, by Lawrence Baker, A cooperative species: Human reciprocity by Lawrence Baker, Trust and Reciprocity: Interdisciplinary Lessons for experimental research, by Elinor Ostrom.