How to elicit distributional preferences: A stress-test of the equality equivalence test
Michal Krawczyk and
Fabrice Le Lec
Journal of Economic Behavior & Organization, 2021, vol. 182, issue C, 13-28
The experimental measurement of social preferences has led to somewhat equivocal results. The experimental Equality Equivalence Test proposed by Kerschbamer (2015) is a promising, simple, model-free and comprehensive tool for eliciting distributional social preferences. We here assess the validity of this method by modifying it so that we can test its key assumption: that the strength of the concern for the inactive player depends only on whether her payoff is above or below that of the decision-maker. In general, we find that this assumption holds. Moreover, the prevalence of types of social preferences that we observe is similar to that in the original paper, with selfish and quasi-maximin (Charness and Rabin 2002) being the most common.
Keywords: Social preference; Fairness models; Distributive justice; Indifference curves; Altruism; Concern for efficiency; Inequity aversion; Quasi-maximin (search for similar items in EconPapers)
JEL-codes: C9 D03 (search for similar items in EconPapers)
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Working Paper: How to elicit distributional preferences: A stress-test of the equality equivalence test (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:182:y:2021:i:c:p:13-28
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