Garrido, Luis José Blas Moreno; Lara, Ismael Rodríguez - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2012
We expand upon the previous models of inequity aversion of Fehr and Schmidt (1999) and Frohlich, Oppenheimer and Kurki … responsible for factors beyond their control in the production of the surplus, an idea that is absent in the models of inequity … aversion cited above. …