On Inequity Aversion - A Reply to Binmore and Shaked

In this paper we reply to Binmore and Shaked's criticism of the Fehr-Schmidt model of inequity aversion. We put the theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment on the main challenges for future research on social preferences.

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Year of publication:	2009
Authors:	Fehr, Ernst ; Schmidt, Klaus M.
Publisher:	München : Sonderforschungsbereich/Transregio 15 - Governance and the Efficiency of Economic Systems (GESY)
Subject:	Gerechtigkeit \| Präferenztheorie \| Spieltheorie \| Test \| Experiments \| other-regarding preferences \| inequity aversion

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Series:	SFB/TR 15 Discussion Paper ; 256
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Working Paper
Language:	English
Other identifiers:	10.5282/ubm/epub.13296 [DOI] 602495571 [GVK] hdl:10419/93945 [Handle] RePEc:trf:wpaper:256 [RePEc]
Classification:	B41 - Economic Methodology ; C90 - Design of Experiments. General
Source:	EconStor

Persistent link: https://www.econbiz.de/10010333922