Inequality Aversion and Reciprocity in Moonlighting Games

We study behavior in a moonlighting game with unequal initial endowments. In this game, predictions for second-mover behavior based on inequality aversion are in contrast to reciprocity. We find that inequality aversion explains only few observations. The comparison to a treatment with equal endowme...

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Bibliographic Details
Main Authors: Dirk Engelmann, Martin Strobel
Format: Article
Language:English
Published: MDPI AG 2010-10-01
Series:Games
Subjects:
Online Access:http://www.mdpi.com/2073-4336/1/4/459/