Non-self-centered inequity aversion matters. A model.

The model by Fehr and Schmidt introduces envy and altruism in the utility function of a representative agent. The aim of this paper is to provide two extensions - non linearity and non self-centredness - to this model. This extension turns out to be more consistent with experimental evidence than the original model.

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Year of publication:	2007-12
Authors:	Ottone, Stefania ; Ponzano, Ferruccio
Institutions:	Institute of Public Policy and Public Choice - POLIS

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Extent:	application/pdf
Series:	POLIS Working Papers. - ISSN 2038-7296.
Type of publication:	Book / Working Paper
Language:	English
Notes:	13 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005577321