Minimally acceptable altruism and the ultimatum game
Minimally acceptable altruism and the ultimatum game
6 min read
Rate this book:
About This Book
I suppose that people react with anger when others show themselves not to be minimally altruistic. I show that, with heterogeneous agents, this can account for the experimental results of ultimatum and dictator games. Moreover, it accounts for the surprisingly large fraction of individuals who offer an even split with parameter values that are more plausible than those that are required to explain outcomes in these experiments with the models of Levine (1998), Fehr and Schmidt (1999), Dickson (2000) and Bolton and Ockenfels (2000).
Buy This Book
As an Amazon Associate and Bookshop.org affiliate, BookOrb earns from qualifying purchases.
Write a Review
Sign in to write a review.
More by Julio Rotemberg
A heuristic method for extract
A heuristic method for extracting smooth trends from economic time series
A monetary equilibrium model with transactions costs
A supergame-theoretic model of business cycles and price wars during booms
A theory of inefficient intrafirm transactions
A theory of inter-industry wage differentials
Altruism, reciprocity and coop
Altruism, reciprocity and cooperation in the workplace