Based on the premise that fairness is different from equity and that it is primarily used in informal contexts we present an economic approach to fairness. Discussing the results of behavioral economics reveals the experience that people do not accept a monetary offer even if that collides with...

Equality of opportunity is a principle of justice that is built on two fundamental ideas. On the one hand, outcome differences across individuals are unacceptable if they are rooted in factors that are beyond individual control. Examples of such circumstance characteristics are the biological...