Inequality aversion and externalities

Arbeitspapier

We conduct a general analysis of the effects of inequality aversion on decisions by homogeneous players in static and dynamic games. We distinguish between direct and indirect effects of inequality aversion. Direct effects are present when a player changes his action to affect disutility caused by inequality. Indirect effects occur when the own action is changed to affect other players' actions. We provide necessary and sufficient conditions for the occurrence of either effect. Moreover, we examine the direction of the effects. Whereas indirect effects induce players to internalize externalities they impose on others, direct effects act in the opposite direction.

Angaben zum Objekt

• Sprache: Deutsch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper Series ; No. IF36V1

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Noncooperative Games ; Externalities ; Equity, Justice, Inequality, and Other Normative Criteria and Measurement
• Thema: inequality aversion ; externalities ; direct effects ; indirect effects

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Gürtler, Marc ; Gürtler, Oliver
• Ereignis: Veröffentlichung
• (wer): Technische Universität Braunschweig, Institut für Finanzwirtschaft
• (wo): Braunschweig
• (wann): 2011

Weitere Informationen

• Handle: http://hdl.handle.net/10419/55226
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ