We introduce a parametric model of other-regarding preferences in which my emotional state determines the marginal rate of substitution between my own and others' payoffs, and thus my subsequent choices. In turn, my emotional state responds to relative status and to the kindness or unkindness of...

The results demonstrated in this chapter quite clearly the impact of property rights on the shared expectations about appropriate proposer behavior in both ultimatum and dictator games. If the game is presented as division (which by one definition means literally to separate into equal parts by...