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The Economics of Fairness

Editor

Listed:
  • Alexander W. Cappelen
  • Bertil Tungodden

Abstract

A growing literature in economics has studied how fairness considerations shape human behavior. This review analyses the key theoretical and empirical contributions spanning the last four decades, along with influential related work in normative economics. It argues that the fairness motive is essential for understanding human behavior in a wide range of settings, such as markets, bargaining, and redistributive situations. It moves on to a discussion of the large heterogeneity in what people view as fair and the importance people attach to fairness, displaying how a concern for fairness develops in childhood and manifests itself in the brain. This research review will be a valuable tool for those interested in the fascinating field of the economics of fairness.

Suggested Citation

  • Alexander W. Cappelen & Bertil Tungodden (ed.), 2019. "The Economics of Fairness," Books, Edward Elgar Publishing, number 17123.
    • Handle: RePEc:elg:eebook:17123
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    File URL: http://www.e-elgar.com/shop/isbn/9781848443259
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    Citations

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    Cited by:

    1. Alexander W Cappelen & Johanna Mollerstrom & Bjørn-Atle Reme & Bertil Tungodden, 2022. "A Meritocratic Origin of Egalitarian Behaviour," The Economic Journal, Royal Economic Society, vol. 132(646), pages 2101-2117.
    2. Hallgeir Sjåstad, 2019. "Short-sighted greed? Focusing on the future promotes reputation-based generosity," Judgment and Decision Making, Society for Judgment and Decision Making, vol. 14(2), pages 199-213, March.
    3. repec:cup:judgdm:v:14:y:2019:i:2:p:199-213 is not listed on IDEAS
    4. Fernanda Mazzotta & Lavinia Parisi, 2020. "Money and time: what would you give back to me? Reciprocity between children and their elderly parents in Europe," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(3), pages 941-969, October.
    5. Buser, Thomas & Cappelen, Alexander & Tungodden, Bertil, 2021. "Fairness and Willingness to Compete," Discussion Paper Series in Economics 8/2021, Norwegian School of Economics, Department of Economics.

    More about this item

    Keywords

    Politics and Public Policy;

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