How not to extend models of inequality aversion

B-Tier
Journal: Journal of Economic Behavior and Organization
Year: 2012
Volume: 81
Issue: 2
Pages: 599-605

Score contribution per author:

2.011 = (α=2.01 / 1 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Several authors have made attempts to improve the explanatory power of models of inequality aversion, in particular the one by Fehr and Schmidt (1999), by adding concerns for total surplus or efficiency. In this note, I point out that these attempts are misguided because they are equivalent to a much simpler change, not requiring an additional parameter, unless we simultaneously consider games with different numbers of players. In the latter case, however, such an approach yields implausible predictions.

Technical Details

RePEc Handle
repec:eee:jeborg:v:81:y:2012:i:2:p:599-605
Journal Field
Theory
Author Count
1
Added to Database
2026-01-25