TY  - GEN
T1  - Fairness, efficiency, risk, and time
A1  - Seidel,Gerald
Y1  - 2008/01/21
N2  - We present a model of a 2-person-2-period-economy with specific (human) capital. Although the individuals are purely selfish, the outcome is seemingly guided by pro-social behavior. We find in our model economy that fairness and efficiency are positively related whereas risk aversion seems to have no major impact on the seemingly fair behavior. A rise in the time preference increases the disadvantaged subject?s aspiration for equal outcomes but reduces the advantaged subject?s willingness to accept them.
KW  - Prosoziales Verhalten
KW  - Nutzenmaximierung
KW  - Risikoverhalten
KW  - Zeitpräferenz
CY  - Hohenheim
PB  - Kommunikations-, Informations- und Medienzentrum der Universität Hohenheim
AD  - Garbenstr. 15, 70593 Stuttgart
UR  - http://opus.uni-hohenheim.de/volltexte/2008/229
ER  -