Gaechter, Simon; Nosenzo, Daniele; Sefton, Martin - Centre for Decision Research and Experimental Economics … - 2010
, even though there are no material spillovers between agents. This peer effect is consistent with inequity aversion and we … design a second treatment where social norm compliance, but not inequity aversion, predicts this peer effect. In this … treatment we do not observe peer effects. Our results suggest that, in our context, inequity aversion provides a parsimonious …