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

被引:558
作者
Engelmann, D [1 ]
Strobel, M
机构
[1] Charles Univ Prague, CERGE EI, POB 882,Polit Veznu 7, CZ-11121 Prague 1, Czech Republic
[2] Acad Sci Czech Republic, CZ-11121 Prague 1, Czech Republic
[3] Univ Maastricht, Dept Econ & Int, Inst Informat, NL-6200 MD Maastricht, Netherlands
关键词
D O I
10.1257/0002828042002741
中图分类号
F [经济];
学科分类号
02 ;
摘要
We present simple one-shot distribution experiments comparing the relative importance of efficiency concerns, maximin preferences, and inequality aversion, as well as the relative performance of the fairness theories by Gary E Bolton and Axel Ockenfels and by Ernst Fehr and Klaus M. Schmidt. While the Fehr-Schmidt theory performs better in a direct comparison, this appears to be due to being in line with maximin preferences. More importantly, we find that a combination of efficiency concerns, maximin preferences, and selfishness can rationalize most of the data while the Bolton-Ockenfels and Fehr-Schmidt theories are unable to explain important patterns.
引用
收藏
页码:857 / 869
页数:13
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