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Fairness and Retaliation

In: The Economics of Reciprocity, Giving and Altruism

Author

Listed:
  • Ernst Fehr

    (University of Zurich)

  • Simon Gächter

    (University of Zurich)

Abstract

In this chapter we examine evidence from different social sciences and argue that considerations of fairness and retaliation shape human behaviour to a very large degree. We contend that the importance of fairness and retaliation also extends to many important economic decisions. The incorporation of these motivations therefore helps us to understand economic outcomes in many different institutional environments.

Suggested Citation

  • Ernst Fehr & Simon Gächter, 2000. "Fairness and Retaliation," International Economic Association Series, in: L.-A. Gérard-Varet & S.-C. Kolm & J. Mercier Ythier (ed.), The Economics of Reciprocity, Giving and Altruism, chapter 7, pages 153-173, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-349-62745-5_7
    DOI: 10.1007/978-1-349-62745-5_7
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