On inequity aversion: A reply to Binmore and Shaked

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.

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Year of publication:	2010
Authors:	Fehr, Ernst ; Schmidt, Klaus M.
Published in:	Journal of Economic Behavior & Organization. - Elsevier, ISSN 0167-2681. - Vol. 73.2010, 1, p. 101-108
Publisher:	Elsevier
Subject:	Experiments Other-regarding preferences Inequity aversion

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008520986