A Theory of Endogenous Sentiments
We present a model in which each agent's sentiments toward others are determined endogenously on the basis of how they behave relative to a standard of appropriate behavior. As sentiments change, so too does the optimal behavior of each individual, which in turn affects other agents' sentiments toward them. We focus on fixed points of this reciprocal adjustment process. To demonstrate the potential use and implications of such a model, we present an extended example involving team production. We then consider various standards of behavior, and we examine stationary patterns of behavior and sentiments under each.
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- Joan Esteban & Laurence Kranich, .
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33-02 Classification-JEL , Instituto de Estudios Fiscales.
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- Joan Esteban & Laurence Kranich, 2003. "Redistributive Taxation with Endogenous Sentiments," Levine's Working Paper Archive 666156000000000007, David K. Levine.
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"Preference Evolution and Reciprocity,"
Game Theory and Information
9903001, EconWPA, revised 12 Mar 1999.
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