The pari passu principle is the most prominent principle in the law of insolvency. We report from a lab experiment designed to study whether People find this principle a fair solution to the bankruptcy problem. The experimental design generates situations where participants work and accumulate...

The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness ideal requires complete information about individual performances, but in practice, such...

The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness ideal requires complete information about individual performances, but in practice, such...

The meritocratic fairness ideal implies that inequalities in earnings are regarded as fair only when they reflect differences in performance. Consequently, implementation of the meritocratic fairness ideal requires complete information about individual performances, but in practice, such...

Recommended readings (Machine generated): 1. John E. Roemer (1986), 'Equality of Resources Implies Equality of Welfare', Quarterly Journal of Economics, 101 (4), November, 751-84 -- 2. Marc Fleurbaey (1995), 'Three Solutions for the Compensation Problem', Journal of Economic Theory, 65 (2),...