Title: Fairness und ihr Preis
Authors: Schneider, Andrea 
Language: de
Subject (DDC): Wirtschaft
Subject: Welfare
Private Goods
Issue Date: 2010
Document Type: Research Paper
Journal / Series / Working Paper (HSU): Diskussionspapier / Helmut-Schmidt-Universität / Fächergruppe Volkswirtschaftslehre 
Issue: 101
Publisher: Helmut-Schmidt-Universität / Universität der Bundeswehr Hamburg
Publisher Place: Hamburg
Document Version: publishedVersion
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 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.
Organization Units (connected with the publication): VWL, insb. Behavioral Economics 
DOI: http://edoc.sub.uni-hamburg.de/hsu/volltexte/2010/2593/
Appears in Collections:Publications of the HSU Researchers

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