Estimating a Parsimonious Model of Inequality Aversion in Stackelberg Duopoly Experiments*
نویسندگان
چکیده
منابع مشابه
Non-Stackelberg outcomes in Stackelberg duopoly experiments: A parsimonious model and maximum likelihood estimation*
In the Stackelberg duopoly experiments in Huck et al. (2001), nearly half of the followers’ behaviors are inconsistent with conventional prediction. We ex a simplifi of the Fehr and Schmidt (1999) model such that all players with non-standard preferences have the same advantageous inequality aversion parameter and the same disadvantageous inequality aversion parameter. The theoretical results l...
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ژورنال
عنوان ژورنال: Oxford Bulletin of Economics and Statistics
سال: 2010
ISSN: 0305-9049
DOI: 10.1111/j.1468-0084.2010.00592.x