On inequity aversion: A reply to Binmore and Shaked

Ernst Fehr and Klaus M. Schmidt

Journal of Economic Behavior & Organization, 2010, vol. 73, issue 1, 101-108

Abstract: In this paper we reply to Binmore and Shaked's criticism of the Fehr-Schmidt model of inequity aversion. We put the theory and their arguments into perspective and show that their criticism is not substantiated. Finally, we briefly comment on the main challenges for future research on social preferences.

Keywords: Experiments; Other-regarding; preferences; Inequity; aversion (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (48)

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Related works:
Working Paper: On inequity aversion: A reply to Binmore and Shaked (2010)
Working Paper: On Inequity Aversion - A Reply to Binmore and Shaked (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:73:y:2010:i:1:p:101-108

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