On inequity aversion: A reply to Binmore and Shaked

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.

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Year of publication:	2010
Authors:	Fehr, Ernst ; Schmidt, Klaus M.
Institutions:	Volkswirtschaftliche Fakultät, Ludwig-Maximilians-Universität München

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Series:	Munich Reprints in Economics.
Type of publication:	Book / Working Paper
Notes:	Published in Journal of Economic Behavior and Organization 1 73(2010): pp. 101-108
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010897626