On Inequity Aversion - A Reply to Binmore and Shaked

In this paper we reply to Binmore and Shakedâ€™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.

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Year of publication:	2009-02
Authors:	Fehr, Ernst ; Schmidt, Klaus M.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München
Subject:	Experiments \| other-regarding preferences \| inequity aversion

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Extent:	application/pdf
Series:	Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems.
Type of publication:	Book / Working Paper
Classification:	B41 - Economic Methodology ; C90 - Design of Experiments. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005835217