Article ID Journal Published Year Pages File Type
884134 Journal of Economic Behavior & Organization 2010 8 Pages PDF
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.

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Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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On inequity aversion: A reply to Binmore and Shaked
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