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Fairness und ihr Preis

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Author Info

  • Schneider, Andrea

    ()
    (Helmut Schmidt University, Hamburg)

  • Zimmermann, Klaus W.

    ()
    (Helmut Schmidt University, Hamburg)

Abstract

Based on the premise that fairness is different from equity and that it is primarily used in in-formal contexts we present an economic approach to fairness. Discussing the results of behav-ioral economics reveals the experience that people do not accept a monetary offer even if that collides with the rationale that more money means higher utility. The economic aspects of fairness are discussed in two ways: first, Varian´s idea of envy-free allocations in a general-equilibrium context are exposed briefly, and second, we concentrate on the implications of fairness defined via producer and consumer rents. This in-depth exposition focuses on private as well as public goods and concludes with a comparative analysis of fairness in the private and public spheres.

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Bibliographic Info

Paper provided by Helmut Schmidt University, Hamburg in its series Working Paper with number 101/2010.

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Length: 68 pages
Date of creation: 07 Jun 2010
Date of revision:
Handle: RePEc:ris:vhsuwp:2010_101

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Keywords: fairness; welfare; private goods; public goods;

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