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Fairness That Money Can Buy - Procedural Egalitarianism in Practice

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  • Werner Güth

    ()
    (Max Planck Institute of Economics, Strategic Interaction Group, Jena)

  • Hartmut Kliemt

Abstract

We suggest that procedures of monetarized bidding can facilitate co-operation in Elinor Ostrom type common(s) projects without crowding out communitarian faculties of "self-governance". Axioms securing procedurally egalitarian bidding on the basis of declared monetary evaluations are introduced. They guarantee that all realized changes of a status quo are in an "objective" (pecuniary) sense equally advantageous for all members of the community. Some empirical evidence that procedurally fair bidding can promote communitarian co-operation rather than crowding it out, is presented. The practical scope and limits of procedural egalitarianism need further empirical exploration, though.

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Bibliographic Info

Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics in its series Jena Economic Research Papers with number 2013-003.

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Date of creation: 09 Jan 2013
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Handle: RePEc:jrp:jrpwrp:2013-003

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Keywords: Fair Procedures; Egalitarian Mechanisms; Unanimity; Constitutional Political Economy; Non-State Communities; Governing the Commons; Crowding out;

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  1. Kliemt, Hartmut, 1994. " The Calculus of Consent after Thirty Years," Public Choice, Springer, vol. 79(3-4), pages 341-53, June.
  2. Werner Güth & Anastasios Koukoumelis & M. Vittoria Levati & Matteo Ploner, 2012. "Public projects benefiting some and harming others: three experimental studies," Jena Economic Research Papers 2012-034, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  3. Satz, Debra, 2010. "Why Some Things Should Not Be for Sale: The Moral Limits of Markets," OUP Catalogue, Oxford University Press, number 9780195311594.
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