the
first movers in a sequential public good game face strategic uncertainty, as both free-riding
and conditional cooperation by second movers are equilibria.
We here consider that agents feel inequity aversion, a type of social preference intro-
duced by Fehr and Schmidt (1999) who define the inequity averse as “subjects who dislike
inequitable outcomes” (Fehr and Schmidt 1999: 822). Specifically
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