Team production with inequity-averse agents
نویسندگان
چکیده
منابع مشابه
Efficiency in Team Production with Inequity Averse Agents
This paper analyzes how incentive provision in team production is affected if agents are inequity averse in the sense of Fehr and Schmidt (1999). By deriving optimal contracts accounting for inequity aversion we find that efficient effort choices can be implemented with simple budget-balancing sharing rules if agents are sufficiently inequity averse. Conditions on inequity aversion become less ...
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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 ...
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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...
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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...
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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...
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ژورنال
عنوان ژورنال: Portuguese Economic Journal
سال: 2009
ISSN: 1617-982X,1617-9838
DOI: 10.1007/s10258-008-0034-4