Discussion paper:Fehr and Schmidt (1999) “A theory of fairness, competition, and cooperation”, Quarterly Journal of Economics
Supplementary papers:
Bolton and Ockenfels (2000) “ERC: A theory of equity, reciprocity, and competition”, American Economic Review
Charness and Rabin (2002) “Understanding social preferences with simple tests”, Quarterly Journal of Economics
Fehr and Schmidt’s model is one of the leading formal models of social preferences.
Bolton, G. E., and Ockenfels, A. (2000). ERC: A theory of equity, reciprocity, and competition. American Economic Review, 90(1), 166–193. https://doi.org/10.1257/aer.90.1.166
Charness, G., and Rabin, M. (2002). Understanding social preferences with simple tests. Quarterly Journal of Economics, 117(3), 817–869. https://doi.org/10.1162/003355302760193904
Fehr, E., and Schmidt, K. M. (1999). A theory of fairness, competition, and cooperation. Quarterly Journal of Economics, 114(3), 817–868. https://doi.org/10.1162/003355399556151