Fehr, E., &Schmidt, K. (2001). Theories of fairness and reciprocity-evidence and economic applications. Advances in Economics and Econometrics.

Most economic models are based on the self-interest hypothesis that assumes that all people are exclusively motivated by their material self-interest. In recent years experimental economists have gathered overwhelming evidence that systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and reciprocity. Moreover, several theoretical Papers have …