Inequity-averse preferences in general equilibrium
نویسندگان
چکیده
منابع مشابه
Inequity-averse preferences in general equilibrium
We study the stabilitywith respect to the introduction of opportunitybased inequity aversion a la Dufwenberg et al. (2011) of three welfare properties satisfiedbycompetitive equilibria in self-regarding economies: (i) Pareto efficiencymay not be a stable property; (ii) undomination with respect to income redistribution is a stablepropertywhenever themarginal indirect utility of income has no ex...
متن کاملHow Exposure to Markets Can Favor Inequity-Averse Preferences
This paper shows how market exposure can support the evolution of non-individualisticpreferences. In a group, one agent is randomly selected to divide an exogenous endowment.Endowment shares are used for either consumption or market exchange with external merchants.As a more equal endowment distribution attenuates the scope of merchants’ price discrimination,we argue that inequity-averse prefer...
متن کاملAre apes really inequity averse?
Brosnan et al. (Brosnan, S. F. Schiff, H. C. & de Waal, F. B. M. 2005 Tolerance for inequity may increase with social closeness in chimpanzees. Proc. R. Soc. B272, 253-258) found that chimpanzees showed increased levels of rejection for less-preferred food when competitors received better food than themselves and postulated as an explanation inequity aversion. In the present study, we extended ...
متن کاملInequity averse optimization in operational research
There are many applications across a broad range of business problem domains in which equity is a concern and many well-known operational research (OR) problems such as knapsack, scheduling or assignment problems have been considered from an equity perspective. This shows that equity is both a technically interesting concept and a substantial practical concern. In this paper we review the opera...
متن کاملAre cleaner fish, Labroides dimidiatus, inequity averse?
Please cite this article in press as: Raihani, N dx.doi.org/10.1016/j.anbehav.2012.06.023 Inequity aversion (IA), a willingness to incur temporary costs to prevent unequal outcomes, is common in humans and thought to be beneficial in the context of cooperative relationships with nonkin, since it might allow individuals to regulate contributions to cooperative activities. Attempts to address whe...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2017
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2017.02.009