Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can … inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …

among a substantial share of the population into account. Theory shows and experiments confirm that, even if fairness … incompleteness and relational nature of most employment contracts and (b) the existence of reference-dependent fairness concerns … concerns on economic outcomes. We also review evidence from laboratory and field experiments examining the role of wages and …