. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with …. The necessary compensation for expected envy renders incentive provision more expensive, which generates a tendency … towards flat-wage contracts. Moreover, empirical evidence suggests that social comparisons like envy are more pronounced among …

The two sides of envy, destructive and competitive, give rise to qualitatively different equilibria, depending on … efforts to prevent destructive envy of the relatively poor. In the opposite case, the standard "keeping up with the Joneses … nature of these equilibria leads to starkingly contrasting effects of envy on economic performance. From welfare perspective …

patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if … of their degree of envy. If guilt is weak, then the agreed split is tilted away from the Rubinstein division towards a … more unequal split. Envy and weak guilt have opposite effects on the bargaining outcome, and envy has a greater marginal …

Bargainers in an open-ended alternating-offer bargaining situation may perceive envy, a utility loss caused by … still reach agreement in the first period and their bargaining shares increase in the strength of their own envy. As both … bargainers' envy diminishes, the agreed partition converges to the Rubinstein division. If equally patient bargaining parties …

“running away from the Joneses” (distinguishing oneself from others) with multiple peer groups and peer group effects (envy and … when she demonstrates i) ‘keeping up’ and a relatively stronger envy effect, or ii) ‘running away’ and a relatively …

. We offer an explanation for this observation based on envy among agents in an otherwise standard moral hazard model with …. The necessary compensation for expected envy renders incentive provision more expensive, which generates a tendency … towards flat-wage contracts. Moreover, empirical evidence suggests that social comparisons like envy are more pronounced among …

I ran an experiment in order to evaluate the relationship, if any, between power, or the search for power, and the … among group members, while in the power setting (treatment B) there was a ranking of the earnings in the group, and the … subject who earned the higher sum was given the power to decide the distribution scheme of the group different from her own …