We expand upon the previous models of inequity aversion of Fehr and Schmidt [1], and Frohlich et al. [2], which assume that dictators get disutility if the final allocation of surplus deviates from the equal split (egalitarian principle) or from the subjects' production (libertarian principle)....

We report on a large, pre-registered, experiment testing the role of moral preferences in the ultimatum and the impunity games, which vary the veto power of responders. We measure moral preferences in two ways: through a decision problem with real economic consequences (the trade-off game), and...