Since formal rules can only partially reduce opportunistic behavior, third-party sanctioning to promote fairness is … business and not snitch on others. In a set of fairness games where a third party can punish unfair behavior, but players can …

redistribution. We study the dynamic evolution of different economies in which redistributive policies, perceptions of fairness … inequality, redistribution and growth. We also show how different beliefs about fairness can keep two otherwise identical …, inequality and growth are jointly determined. We show how including fairness explains various observed correlations between …

In settings with uncertainty, tension exists between ex ante and ex post notions of fairness (e.g., equal opportunity … deontological (rule-based) ethics, and thereby avoids the implication that revisions imply inconsistency. We test between these … findings suggest that the most common attitude toward fairness involves a time-consistent preference for applying naive …

People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … play an important role in shaping perceptions of fairness. Buyers used to high market prices, for example, are more likely …-dependent fairness preferences--either based on endogenous fairness reference points or based on shifts in salience--that can account for …