A Welfare-Tradeoff-Ratio-Model of Social Preferences
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Bjoern Hartig: CGS, University of Cologne
No 02-05, Cologne Graduate School Working Paper Series from Cologne Graduate School in Management, Economics and Social Sciences
This paper introduces a model of social preferences featuring a single parameter representing an individual's disposition to share resources with others. The parameter reacts to observed behavior of others in a clearly defined manner. Therefore, the model allows the numerical analysis of reciprocal interaction. Based on evolutionary concepts, the model is characterized by a very basic utility maximization condition and it is consistent with and often predictive of the results of a multitude of different behavioral games and phenomenon.
Keywords: other-regarding preferences; altruism; cooperation; evolution; reciprocity; welfare-tradeoff-ratio (search for similar items in EconPapers)
JEL-codes: C71 C73 C90 C91 D03 D63 D64 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-evo, nep-gth, nep-mic and nep-upt
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Persistent link: https://EconPapers.repec.org/RePEc:cgr:cgsser:02-05
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