Envy is a complex emotion that influences the behavior of envious and envied individuals. Because envy can imply ill … enjoyed by the envied individual. In return, the envied individual can adopt either envy-appeasing strategies or envy …-arousing strategies. We argue that these costly envy-related behaviors impede or stimulate economic development. …

Envy is a complex emotion that influences the behavior of envious and envied individuals. Because envy can imply ill … enjoyed by the envied individual. In return, the envied individual can adopt either envy-appeasing strategies or envy …-arousing strategies. We argue that these costly envy related behaviors impede or stimulate economic development. …

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 …

effort. They suggest that envy and loss aversion drive behavior in tournaments. Moreover, we show that standard theory … that monetary payoffs are not the only motive that determines agents’ decisions. In our experiment we test theoretical … predictions about the role of envy and loss aversion in tournaments. Our results confirm that the limitation of inequity between …