On Inequity Aversion - A Reply to Binmore and Shaked

Fehr, Ernst und Schmidt, Klaus M. (Februar 2009): On Inequity Aversion - A Reply to Binmore and Shaked. SFB/TR 15 Discussion Paper No. 256

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.

• Dokumententyp: Paper
• Keywords: Experiments, other-regarding preferences, inequity aversion,
• Fakultät: Sonderforschungsbereiche > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems ; Sonderforschungsbereiche > Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems > A4 - Unvollständige Verträge, Marktinteraktion und soziale Vergleichsprozesse ; Volkswirtschaft ; Volkswirtschaft > Lehrstühle > Seminar für Wirtschaftstheorie
• Themengebiete: 300 Sozialwissenschaften > 330 Wirtschaft
• JEL Classification: B41, C90
• Sprache: Englisch