Description

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.

The Economics of Fairness

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Hardback by Alexander W. Cappelen , Bertil Tungodden

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A growing literature in economics has studied how fairness considerations shape human behavior. This review analyses the key theoretical and... Read more

    Publisher: Edward Elgar Publishing Ltd
    Publication Date: 25/01/2019
    ISBN13: 9781848443259, 978-1848443259
    ISBN10: 1848443250

    Number of Pages: 864

    Non Fiction , Business, Finance & Law

    Description

    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.

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