The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories

Ernst Fehr and Klaus M. Schmidt

Discussion Papers in Economics from University of Munich, Department of Economics

Abstract: This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.

Keywords: Behavioural Economics; Other-regarding Preferences; Fairness; Reciprocity; Altruism; Experiments; Incentives; Contracts; Competition (search for similar items in EconPapers)
JEL-codes: C7 C9 D0 J3 (search for similar items in EconPapers)
Date: 2005-06
New Economics Papers: this item is included in nep-cbe, nep-evo and nep-ltv
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Citations: View citations in EconPapers (41)

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https://epub.ub.uni-muenchen.de/726/1/Fehr-Schmidt_Handbook_2005-Munichecon.pdf (application/pdf)

Related works:
Chapter: The Economics of Fairness, Reciprocity and Altruism - Experimental Evidence and New Theories (2006)
Chapter: The Economics of Fairness, Reciprocity and Altruism - Experimental Evidence and New Theories
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Persistent link: https://EconPapers.repec.org/RePEc:lmu:muenec:726

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