Inequality aversion, efficiency, and maximin preferences in simple distribution experiments: reply

Article Abstract:

Issues regarding a social preference models of equity (ERC) experiment are discussed. These include results of Bolton and Ockenfels' experiment, on how they tackled "willingness to pay" in order to get equality; and results of Fehr, Naef and Schmidt, on their claims of "relevance" of both efficiency motives and inequality aversion.

Economic research

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Inequality aversion, efficiency, and maximin preferences in simple distribution experiments: comment

Article Abstract:

The arrangement between efficiency and equity motives is discussed along with the comparison of people's willingness to pay or to deviate from their interests. Support for efficiency is also examined, focusing on equitable source distribution.

Comparative analysis, Decision theory

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Inequality aversion, efficiency, and maximum preferences in simple distribution experiments

Article Abstract:

The economic distribution experiments to study human behavioral aspects like efficiency concerns, preferences and inequality aversion are presented. The various economic theories are used to analyze the behavior.

Behavior Theory, Analysis, Usage, Economics, Human behavior, Experiential research, Human acts, Economic theory, Human behaviour

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