We survey directors and investors on the objectives, constraints, and determinants of CEO pay. 67% of directors would … finance consumption, but because it affects perceptions of fairness. The need to fairly recognize the CEO’s contribution … incentives, and why peer firm pay matters beyond retention concerns. Fairness also matters to investors, with shareholder returns …

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 …

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned about 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 …

inform the debate on the fairness of market outcomes by showing that the use of a competitive procedure can, by itself …