Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment

摘要

Dirk Engelmann and Martin Strobel (2004) describe an experiment that challenges the social preference models of equity (ERC) described by us in Gary E Bolton and Axel Ockenfels (2000), as well as a similar model described by Ernst Fehr and Klaus Schmidt (1999), hereafter FS. In particular, Engelmann and Strobel find evidence, in a simple allocation task, for an efficiency motive as well as self-interest and equity (the equity measure being maximin, making for basically the same combination of preferences proposed by Gary Char-ness and Matthew Rabin, 2002).