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Fehr, Ernst und Schmidt, Klaus M. ORCID logoORCID: https://orcid.org/0000-0002-5011-0828 (Juni 2005): The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories. Münchener Wirtschaftswissenschaftliche Beiträge (VWL) 2005-20 [PDF, 463kB]

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Abstract

This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.

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