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A preference foundation for Fehr and Schmidt’s model of inequity aversion

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  • Kirsten Rohde

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  • Kirsten Rohde, 2010. "A preference foundation for Fehr and Schmidt’s model of inequity aversion," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 34(4), pages 537-547, April.
    • Handle: RePEc:spr:sochwe:v:34:y:2010:i:4:p:537-547
    DOI: 10.1007/s00355-009-0413-5
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    1. Ernst Fehr & Klaus M. Schmidt, 1999. "A Theory of Fairness, Competition, and Cooperation," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 114(3), pages 817-868.
    2. De Waegenaere, Anja & Wakker, Peter P., 2001. "Nonmonotonic Choquet integrals," Journal of Mathematical Economics, Elsevier, vol. 36(1), pages 45-60, September.
    3. Daniel Kahneman & Amos Tversky, 2013. "Prospect Theory: An Analysis of Decision Under Risk," World Scientific Book Chapters, in: Leonard C MacLean & William T Ziemba (ed.), HANDBOOK OF THE FUNDAMENTALS OF FINANCIAL DECISION MAKING Part I, chapter 6, pages 99-127, World Scientific Publishing Co. Pte. Ltd..
    4. Porath Elchanan Ben & Gilboa Itzhak, 1994. "Linear Measures, the Gini Index, and The Income-Equality Trade-off," Journal of Economic Theory, Elsevier, vol. 64(2), pages 443-467, December.
    5. Tversky, Amos & Kahneman, Daniel, 1992. "Advances in Prospect Theory: Cumulative Representation of Uncertainty," Journal of Risk and Uncertainty, Springer, vol. 5(4), pages 297-323, October.
    6. Philippe Artzner & Freddy Delbaen & Jean‐Marc Eber & David Heath, 1999. "Coherent Measures of Risk," Mathematical Finance, Wiley Blackwell, vol. 9(3), pages 203-228, July.
    7. Gilboa, Itzhak & Schmeidler, David, 1989. "Maxmin expected utility with non-unique prior," Journal of Mathematical Economics, Elsevier, vol. 18(2), pages 141-153, April.
    8. Wakker, Peter & Tversky, Amos, 1993. "An Axiomatization of Cumulative Prospect Theory," Journal of Risk and Uncertainty, Springer, vol. 7(2), pages 147-175, October.
    9. John C. Harsanyi, 1955. "Cardinal Welfare, Individualistic Ethics, and Interpersonal Comparisons of Utility," Journal of Political Economy, University of Chicago Press, vol. 63, pages 309-309.
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    Citations

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    Cited by:

    1. Yosuke Hashidate, 2018. "Social Image Concern and Reference Point Formation," CIRJE F-Series CIRJE-F-1085, CIRJE, Faculty of Economics, University of Tokyo.
    2. Kota Saito, 2013. "Social Preferences under Risk: Equality of Opportunity versus Equality of Outcome," American Economic Review, American Economic Association, vol. 103(7), pages 3084-3101, December.
    3. Ulrich Schmidt & Philipp C. Wichardt, 2019. "Inequity aversion, welfare measurement and the Gini index," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 52(3), pages 585-588, March.
    4. Ernst Fehr & Gary Charness, 2023. "Social Preferences: Fundamental Characteristics and Economic Consequences," CESifo Working Paper Series 10488, CESifo.
    5. Paul H. Y. Cheung, 2023. "Guilt moderation," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 76(3), pages 1025-1050, October.
    6. Koji Abe & Hajime Kobayashi & Hideo Suehiro, 2014. "Leadership in the Prisoner's Dilemma with Inequity-Averse Preferences," Discussion Papers 2014-09, Kobe University, Graduate School of Business Administration.
    7. Yosuke Hashidate & Keisuke Yoshihara, 2021. "Stochastic Choice and Social Preferences: Inequity Aversion versus Shame Aversion," Working Papers e155, Tokyo Center for Economic Research.
    8. Kota SAITO, 2012. "Social Preferences under Uncertainty: Equality of Opportunity vs. Equality of Outcome," Levine's Working Paper Archive 786969000000000396, David K. Levine.
    9. Takao Asano & Hiroyuki Kojima, 2022. "Choquet Integrals and Belief Functions," KIER Working Papers 1077, Kyoto University, Institute of Economic Research.
    10. Kircher, Philipp & Sandroni, Alvaro & Ludwig, Sandra, 2009. "Fairness: A Critique to the Utilitarian Approach," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 288, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
    11. Breitmoser, Yves & Vorjohann, Pauline, 2018. "Welfare-Based Altruism," Rationality and Competition Discussion Paper Series 89, CRC TRR 190 Rationality and Competition.
    12. Luciano Andreozzi, 2019. "On Being Inequality Averse: Measurement and Behavioral Characterization," DEM Working Papers 2019/10, Department of Economics and Management.
    13. Daley, Brendan & Sadowski, Philipp, 2017. "Magical thinking: A representation result," Theoretical Economics, Econometric Society, vol. 12(2), May.
    14. Luciano Andreozzi & Matteo Ploner & Ivan Soraperra, 2013. "Justice among strangers. On altruism, inequality aversion and fairness," CEEL Working Papers 1304, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia.
    15. Zhang, Qianran & Ma, Shoufeng & Tian, Junfang & Rose, John M. & Jia, Ning, 2022. "Mode choice between autonomous vehicles and manually-driven vehicles: An experimental study of information and reward," Transportation Research Part A: Policy and Practice, Elsevier, vol. 157(C), pages 24-39.
    16. Trautmann, Stefan T., 2009. "A tractable model of process fairness under risk," Journal of Economic Psychology, Elsevier, vol. 30(5), pages 803-813, October.
    17. Cox, Caleb A., 2013. "Inequity aversion and advantage seeking with asymmetric competition," Journal of Economic Behavior & Organization, Elsevier, vol. 86(C), pages 121-136.
    18. Seiji TAKANASHI, 2021. "Ex post fairness and ex ante fairness in social preferences under risk," Discussion papers e-20-006, Graduate School of Economics , Kyoto University.
    19. Takao Asano & Hiroyuki Kojima, 2015. "An axiomatization of Choquet expected utility with cominimum independence," Theory and Decision, Springer, vol. 78(1), pages 117-139, January.
    20. Velez, Rodrigo A., 2016. "Fairness and externalities," Theoretical Economics, Econometric Society, vol. 11(1), January.
    21. Takao Asano & Hiroyuki Kojima, 2013. "An Axiomatization of Choquet Expected Utility with Cominimum Independence," KIER Working Papers 878, Kyoto University, Institute of Economic Research.
    22. Stefan Trautmann, 2010. "Individual fairness in Harsanyi’s utilitarianism: operationalizing all-inclusive utility," Theory and Decision, Springer, vol. 68(4), pages 405-415, April.
    23. Bin Miao & Songfa Zhong, 2018. "Probabilistic social preference: how Machina’s Mom randomizes her choice," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 65(1), pages 1-24, January.
    24. Breitmoser, Yves & Vorjohann, Pauline, 2022. "Fairness-based Altruism," Center for Mathematical Economics Working Papers 666, Center for Mathematical Economics, Bielefeld University.

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