Showing 1 - 10 of 223
Consumers often have to decide whether to go to a remote store for a lower price. Only the absolute price difference between the stores should be relevant in this case, but several experiments showed that people exhibit "relative thinking": they are affected also by the relative savings...
Persistent link: https://www.econbiz.de/10005837411
, die die Lohnspreizung eindämmen, fördern zugleich Effizienz und Gerechtigkeit. … unfair. Measures that curb wage dispersion increase both efficiency and fairness. …
Persistent link: https://www.econbiz.de/10008478851
compensating differentials will increase both efficiency and fairness, quite in line with the classical position taken by Adam … Differentiale heranführen dienen zugleich der Verbesserung der Effizienz und der Gerechtigkeit. …
Persistent link: https://www.econbiz.de/10005187319
The article examines a differentiated-products duopoly model where the firms make entry decisions to two markets and then choose prices. The effects of product differentiation and entry costs are analyzed in two games: with and without price discrimination between the markets. Allowing price...
Persistent link: https://www.econbiz.de/10005836325
Article about alternative interpretations of the concept of "competition" as the adaptive behavior of market participants. The author substantiates the thesis of the identity of market adaptation and market competition rather than rivalry.
Persistent link: https://www.econbiz.de/10011113060
Around the turn of the century from the 20th to the 21st, the inter-firm relations in the Japanese steel industry changed greatly. Within the country, NKK and Kawasaki Steel consolidated all their businesses and chartered JFE Holdings. Nippon Steel, Sumitomo Metals, and Kobe Steel formed...
Persistent link: https://www.econbiz.de/10011113901
perceived and the actual fairness of the income generation process affects this association. Building on a simple model of … individual labor-market participation under uncertainty, we predict that higher levels of perceived fairness cause higher levels …, income inequality is perceived more negatively with increased perceived fairness, due to the need for unexpected policy …
Persistent link: https://www.econbiz.de/10008683292
roused ethical issues. Those issues concern fairness, justice, rightness or wrongness; as a result it can only be resolved …
Persistent link: https://www.econbiz.de/10008728078
Liberals and libertarians believe that justice is deeply embodied in liberalism. The famous physiocratic maxim "let … justice and equity by considering them as mechanical outputs produced by market mechanisms. The invisible hand of Adam Smith … an individual walks away from the rich to the detriment of another. A rereading of justice by Rawls empowered liberalism …
Persistent link: https://www.econbiz.de/10011109035
We argue that perceived fairness of the income generation process affects the association between income inequality and … high or, respectively, low level of actual fairness. Using a simple model of individual labor market participation under … uncertainty, we predict that high levels of perceived fairness cause higher levels of individual welfare, and lower support for …
Persistent link: https://www.econbiz.de/10011112607