Lau, Sau-Him Paul; Leung, Felix - In: Oxford Bulletin of Economics and Statistics 72 (2010) 5, pp. 669-686
In the Stackelberg duopoly experiments in <link rid="b13">Huck "et al." (2001)</link>, nearly half of the followers' behaviours are inconsistent with conventional prediction. We use a test in which the conventional self-interested model is nested as a special case of an inequality aversion model. Maximum likelihood...