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Fairness und ihr Preis

Author

Listed:
  • 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.

Suggested Citation

  • Schneider, Andrea & Zimmermann, Klaus W., 2010. "Fairness und ihr Preis," Working Paper 101/2010, Helmut Schmidt University, Hamburg.
    • Handle: RePEc:ris:vhsuwp:2010_101
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    More about this item

    Keywords

    fairness; welfare; private goods; public goods;
    All these keywords.

    JEL classification:

    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods

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