Showing 1 - 10 of 14
claims. In this context, we investigate procedural and end-state principles of fairness, their implications and relations. To …, exchange rule. Using variants of fairness based on no-envy as end-state principles, we provide axiomatic characterizations of …
Persistent link: https://www.econbiz.de/10011228291
Forgiveness is an ethical ideal that advocates that a fresh start should be conferred on those individuals who regret their past choices. Grounded on such a principle, Fleurbaey (2005) proposes the use of the equivalent endowment as the proper measure of the welfare loss experienced by those who...
Persistent link: https://www.econbiz.de/10010662643
This paper proposes a regional comparison of ex-post inequality of opportunity in France by measuring, within each region, the inequality between individuals exerting the same effort. According to the concept of equality of opportunity, inequalities due to factors for which the individual is not...
Persistent link: https://www.econbiz.de/10010662645
on the fairness of the agreement. With this in mind, the firms can utilize transfer payments with the aim to achieve a … should jointly plan operations as to deal with the trade-off between the efficiency and the fairness. We propose a novel … to benefit less from the collaboration. When comparing the quality of such approach with other notions of fairness, we …
Persistent link: https://www.econbiz.de/10010752815
Behavioral economics has shaken the view that individuals have well-defined, consistent and stable preferences. This raises a challenge for welfare economics, which takes as a key postulate that individual preferences should be respected. We agree with Bernheim (2009) and Bernheim and Rangel...
Persistent link: https://www.econbiz.de/10010610462
incentive-compatibility constraints, on the basis of efficiency and fairness principles. The fairness principles we consider …
Persistent link: https://www.econbiz.de/10010927674
both fairness and forgiveness. Based on the idea of fresh starts, we construct a social ordering that permits us to make … rule also allows for the inclusion of the fairness approach in the model, to deal with the well-known clash between the …
Persistent link: https://www.econbiz.de/10010927695
Economic decisions depend on both actual outcomes as well as perceived intentions. In this paper, we examine whether and how the relative importance of outcomes or intentions for economic decisions develops with age. We report the results of ultimatum games with children, teens and university...
Persistent link: https://www.econbiz.de/10005785095
On 11 May 2001, readers of the Berliner Zeitung were invited to participate in an ultimatum bargaining experiment played in the strategy vector mode: each participant chooses not only how much (s)he demands of the DM1,000 pie but also which of the nine possible offers of DM100, 200,..., 900...
Persistent link: https://www.econbiz.de/10005432513
fairness. The discussion focuses on the development of bargaining strategies and concerns for fairness. …
Persistent link: https://www.econbiz.de/10005432515