TY  - JOUR
TI  - Modern Approaches to Economic Modeling of Fairness
T2  - HSE Economic Journal 
IS  - HSE Economic Journal 
KW  - economic modeling
KW  - experimental economics
KW  - rational pursuit of self-interest
AB  - By now experimental economists have accumulated a vast array of data indicating that human behavior in certain experiments systematically refutes the core self-interest hypothesis of microeconomics, but can be instead explained by fairness and reciprocity concerns. This paper gives an overview of the theories and models developed to explain and predict such behavior, and assesses the relative strengths and weaknesses of various existing approaches.
AU  - Yury Avtonomov
UR  - https://ej.hse.ru/en/2006-10-4/26551655.html
PY  - 2006
SP  - 620-637
VL  - 10