Inequity aversion, welfare measurement and the Gini index
نویسندگان
چکیده
منابع مشابه
Contracts and Inequity Aversion
Inequity aversion is a special form of other regarding preferences and captures many features of reciprocal behavior, an apparently robust pattern in human nature. Using this concept we analyze the Moral Hazard problem and derive several results which differ from conventional contract theory. Our three key insights are: First, inequity aversion plays a crucial role in the design of optimal cont...
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In labor markets, some individuals have, or believe to have, less data on the determinants of success than others, e.g., due to differential access to technology or role models. We provide experimental evidence on how informational differences translate into performance differences in competitive environments. In a laboratory tournament setting, we varied subjects’ information about the potenti...
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ژورنال
عنوان ژورنال: Social Choice and Welfare
سال: 2018
ISSN: 0176-1714,1432-217X
DOI: 10.1007/s00355-018-1149-x