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The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories

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  • Discussion Paper Series Of Sfb/Tr 15 Governance And The Efficiency Of Economic Systems
  • A4 - Unvollständige Verträge
  • Marktinteraktion Und Soziale Vergleichsprozesse
  • Volkswirtschaft
  • Seminar Für Wirtschaftstheorie
  • Ddc:330

Abstract

Microsoft Word - Serienbriefe1 Sonderforschungsbereich/Transregio 15 · www.gesy.uni-mannheim.de Universität Mannheim · Freie Universität Berlin · Humboldt-Universität zu Berlin · Ludwig-Maximilians-Universität München Rheinische Friedrich-Wilhelms-Universität Bonn · Zentrum für Europäische Wirtschaftsforschung Mannheim Speaker: Prof. Konrad Stahl, Ph.D. · Department of Economics · University of Mannheim · D-68131 Mannheim, Phone: +49(0621)1812786 · Fax: +49(0621)1812785 June 2005 *Ernst Fehr, Institute for Empirical Research in Economics, University of Zurich, Bluemlisalpstrasse 10, CH-8006 Zurich, Switzerland, email: [email protected] **Klaus M. Schmidt, Department of Economics, University of Munich, Ludwigstrasse 28, D-80539 Muenchen, Germany, email: [email protected] Financial support from the Deutsche Forschungsgemeinschaft through SFB/TR 15 is gratefully acknowledged. Discussion Paper No. 66 The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories Ernst Fehr* Klaus M. Schmidt** The Economics of Fairness, Reciprocity and Altruism – Experimental Evidence and New Theories Ernst Fehra) University of Zurich Klaus M. Schmidtb) University of Munich and CEPR Chapter written for the Handbook of Reciprocity, Gift-Giving and Altruism This version: June 6, 2005 JEL classification numbers: C7, C9, D0, J3. Keywords: Behavioural Economics, Other-regarding Preferences, Fairness, Reciprocity, Altruism, Experiments, Incentives, Contracts, Competition. a) Ernst Fehr, Institute for Empirical Research in Economics, University of Zurich, Bluemlisalpstrasse 10, CH-8006 Zurich, Switzerland, email: [email protected] b) Klaus M. Schmidt, Department of Economics, University of Munich, Ludwigstrasse 28, D-80539 Muenchen, Germany,

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