| Fehr, Ernst and Schmidt, Klaus M. (February 2009): On Inequity Aversion - A Reply to Binmore and Shaked. SFB/TR 15 Discussion Paper No. 256 |
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Abstract
In this paper we reply to Binmore and Shaked’s criticism of the Fehr-Schmidt model of inequity aversion. We put the theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment on the main challenges for future research on social preferences.
| Item Type: | Paper (Discussion Paper) |
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| Keywords: | Experiments, other-regarding preferences, inequity aversion, |
| Collections: | Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems Special Research Fields > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems > A4 - Unvollständige Verträge, Marktinteraktion und soziale Vergleichsprozesse |
| Subjects: | 300 Social sciences > 330 Economics |
| JEL Classification: | B41, C90 |
| URN: | urn:nbn:de:bvb:19-epub-13296-8 |
| Language: | English |
| ID Code: | 13296 |
| Last Modified: | 10. Jul 2012 13:08 |
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