Khalmetski, Kiryl; Ockenfels, Axel; Werner, Peter - Staatswissenschaftliches Seminar, Wirtschafts- und … - 2013
People do not only feel guilt from not living up to others' expectations (Battigalli and Dufwenberg (2007)), but may also like to exceed them. We propose a model that generalizes the guilt aversion model to capture the possibility of positive surprises when making gifts. A model extension allows...