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A Trackable Model of Reciprocity and Fairness Author info | Abstract | Publisher info | Download info | Related research | Statistics Cox, J.
Friedman, D.
Gjerstad, S.
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We introduced a parametric model of other-regarding preferences in which my emotional state determines the marginal rate of substitution between my own and other' payoffs, and thus my subsequent choices. In turn, my emotional state responds to relative status and to the kindness or unkindness of others' choices. Structural estimations of this model with six existing data sets demonstrate that other-regarding preferences depend on status, reciprocity, and perceived property rights.
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Paper provided by Purdue University, Department of Economics in its series Purdue University Economics Working Papers with number
1181.
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Length: 41 pages
Date of creation: Apr 2006Date of revision:
Handle: RePEc:pur:prukra:1181Contact details of provider: Postal: Krannert Building, West Lafayette, IN 47907 Web page: http://www.krannert.purdue.edu/programs/phd More information through EDIRC
For technical questions regarding this item, or to correct its listing, contact: (Paul S. Chun).
Keywords: RECIPROCITY MARGINAL RATE OF SUBSTITUTION PAYOFFS Other versions of this item:
Find related papers by JEL classification: C90 - Mathematical and Quantitative Methods - - Design of Experiments - - - General D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
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