How not to extend models of inequality aversion

Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F67985998%3A_____%2F12%3A00376220" target="_blank" >RIV/67985998:_____/12:00376220 - isvavai.cz</a>
Výsledek na webu
<a href="http://dx.doi.org/10.1016/j.jebo.2011.08.007" target="_blank" >http://dx.doi.org/10.1016/j.jebo.2011.08.007</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.jebo.2011.08.007" target="_blank" >10.1016/j.jebo.2011.08.007</a>

Jazyk výsledku
angličtina
Název v původním jazyce
How not to extend models of inequality aversion
Popis výsledku v původním jazyce
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 aremisguided 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.
Název v anglickém jazyce
How not to extend models of inequality aversion
Popis výsledku anglicky
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 aremisguided 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.

Druh
J<sub>x</sub> - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)
CEP obor
AH - Ekonomie
OECD FORD obor
—

Rok uplatnění
2012
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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