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Voting is a natural context to investigate how democratic societies balance claims of economic efficiency against claims of distributive equity. We examine data from a series of simple experimental voting games; in each, voters are confronted with two distributional policies, one that promotes...
Persistent link: https://www.econbiz.de/10005866965
What we now label as "fair behavior" often differs from philopsophical norions of the concept. Establishing a clear understanding of the empirical nature of fairness is important if we are to gauge teh impact fairness has on economic and political institutions.[...]
Persistent link: https://www.econbiz.de/10005867003
Several current social utility models posit fairness as a motive for certain types of strategic behavior. The models differ sharply with respect to how fairness is measured. Distribution models measure fairness in terms of relative payoff comparisons. Reciprocal-kindness models measure fairness...
Persistent link: https://www.econbiz.de/10005867019
Trust that suppliers and buyers will keep their word is a necessary ingredient to a wellfunctioning marketplace. Nowhere is the issue trickier than for electronic markets, wheretransactions tend to be geographically diffuse and anonymous, putting them out of the reach ofthe legal safeguards and...
Persistent link: https://www.econbiz.de/10005867032