Determinants of fairness and inequity aversion in leader-follower relationships: the role of incentives, norms, and social value orientation.

Universal principles of fairness and inequity aversion play an important role in leader-follower relationships. We experimentally study decision-making of leaders (fairness) and followers (inequity aversion) by unraveling the interactive effects of incentives, leader/follower role, and social value orientation. Behavioral and hormonal studies will identify the biological mechanisms accounting for the variability in fairness and inequity aversion.

Keywords:EXPERIMENTAL ECONOMICS, NEUROECONOMICS

Disciplines:Biological and physiological psychology, General psychology, Other psychology and cognitive sciences, Applied economics, Economic history, Macroeconomics and monetary economics, Microeconomics, Tourism