People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely …-dependent fairness preferences—either based on endogenous fairness reference points or based on shifts in salience—that can account for …

In settings with uncertainty, tension exists between ex ante and ex post notions of fairness (e.g., equal opportunity … findings suggest that the most common attitude toward fairness involves a time-consistent preference for applying naive …

groups perceive a particular exchange as fair. We investigate racial differences in fairness standards using preferences for …

-known commitment problem by introducing communication. Allowing the upstream firm to chat privately with each downstream firm reduces … total offered quantity from near the Cournot level (observed in the absence of communication) halfway toward the monopoly … bargaining advantage from open communication that all of the gains from monopolizing the market accrue to them. A simple …

fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of …

effect is driven by comparisons with higher-paid peers—suggesting concerns about fairness. Separations appear fairly …