On inequity aversion: A reply to Binmore and Shaked

Ernst Fehr and Klaus M. Schmidt

Munich Reprints in Economics from University of Munich, Department of Economics

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.

Date: 2010
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Citations: View citations in EconPapers (53)

Published in Journal of Economic Behavior and Organization 1 73(2010): pp. 101-108

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Journal Article: 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:lmu:muenar:20653

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