Non-self-centered inequity aversion matters. A model.
The model by Fehr and Schmidt introduces envy and altruism in the utility function of a representative agent. The aim of this paper is to provide two extensions - non linearity and non self-centredness - to this model. This extension turns out to be more consistent with experimental evidence than the original model.
Year of publication: |
2007-12
|
---|---|
Authors: | Ottone, Stefania ; Ponzano, Ferruccio |
Institutions: | Institute of Public Policy and Public Choice - POLIS |
Saved in:
freely available
Extent: | application/pdf |
---|---|
Series: | POLIS Working Papers. - ISSN 2038-7296. |
Type of publication: | Book / Working Paper |
Language: | English |
Notes: | 13 pages |
Source: |
Persistent link: https://www.econbiz.de/10005577321
Saved in favorites
Similar items by person
-
Peter, Lewisch, (2010)
-
Some differences in revealed behaviour under different inquiry methods
Ortona, Guido, (2008)
-
A simulative assessment of the Italian electoral system
Ortona, Guido, (2005)
- More ...