We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned with fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful …

In this Paper we show that a simple model of fairness preferences explains major experimental regularities of common …

-interest theory but is consistent with theories of fairness. …

systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …

. Equilibrium quantities are efficient regardless of concentration. The law of one price does not hold. Prices depend on …

We consider a bargaining model of the interaction between a government and interest groups in which, unlike existing … models, neither side is assumed to have all the bargaining power. The government will then find it optimal to constrain … itself in the use of transfer policies to improve its bargaining position. In a model of redistribution to lobbies, the …

This Paper analyses bargaining between the European Parliament (EP) and the Council of Ministers (CM) in the … contrast to other studies, which use power indices or simple spatial-voting models, both institutions are assumed to act …