Kohler, Stefan - In: Journal of Economic Behavior & Organization 80 (2011) 1, pp. 101-109
welfare in human decision making. At the same time, models of inequality averse agents fail to explain the experimental data … of individuals who reduce their payoff below a fair split in order to maximize social welfare. This paper presents a … fairness if welfare is thereby gained. It also establishes a unique link between altruism and interest in social welfare in the …