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view of fairness than past experiments, considering both distributive justice (how much I get) and procedural justice (the … reason to do so, implying an innate concern with procedural justice. Second, divisions in these games are much more equitable …
Persistent link: https://www.econbiz.de/10014047994
In the hold-up problem incomplete contracts cause the proceeds of relationship-specific investments to be allocated by bargaining. This paper investigates the corresponding investment incentives if individuals have heterogeneous fairness preferences. Individual preferences are taken to be...
Persistent link: https://www.econbiz.de/10014051881
takes a bottom up perspective of clients seeking access to justice and uses transaction costs on the market for justice as a … criterion to evaluate justice policies. Most justice is created through ‘justice transactions,’ including informal help from … friends, legal advice, information about law, ADR services, other forms of informal justice, and adjudication. Such …
Persistent link: https://www.econbiz.de/10014203922
In an incomplete information setting, we analyze the sealed bid auction proposed by Knaster (cf. Steinhaus (1948)). This procedure was designed to efficiently and fairly allocate multiple indivisible items when participants report their valuations truthfully. In equilibrium, players do not...
Persistent link: https://www.econbiz.de/10009753712
In this paper, we investigate the possibility of having stable rules for two-sided markets with transferable utility, that satisfy some valuation monotonicity and fairness axioms. Valuation fairness requires that changing the valuation of a buyer for the object of a seller leads to equal changes...
Persistent link: https://www.econbiz.de/10011901866
Rawls (1958) suggested that it is possible to arrive at a fair allocation in a 2-player Nash demand game by granting equal gains to both players. Rawls theorized that players themselves would select this allocation if they bargain from the 'original position'. Harsanyi (1958) suggested the...
Persistent link: https://www.econbiz.de/10012936354
Persistent link: https://www.econbiz.de/10012887036
Relying on a recent survey of more than 3300 participants from China, Germany and the US, this paper empirically analyzes citizens' perceptions of climate change and climate policy, focusing on key guiding principles for sharing mitigation costs across countries. The ranking of the main...
Persistent link: https://www.econbiz.de/10010233582
An important element for the public support of policies is their perceived justice. At the same time most policy … their own risk preferences. The observed allocations are consistent with four different views of justice under uncertainty. …
Persistent link: https://www.econbiz.de/10009766681
Persistent link: https://www.econbiz.de/10010228484