A preference foundation for Fehr and Schmidt’s model of inequity aversion
为费尔和施密特提出的自利性不平等厌恶社会效用函数提供了偏好基础，用偏好条件精确刻画了该模型的简洁性与拟合度之间的平衡，并指出它是Schmeidler秩依效用模型的特例。
Fehr and Schmidt (FS) introduced an influential social utility function for individuals in interpersonal contexts that captures self-centered inequity aversion. The value of this social utility function lies in its exceptionally good balance between parsimony and fit. This paper provides a preference foundation for exactly the model of FS with preference conditions that exactly capture the exceptionally good balance of FS. Remarkably, FS is a special case of Schmeidler’s rank-dependent utility for decision under uncertainty.