Economists praise the efficiency of the price mechanism in allocating scarce resources. Others, however, often reject it as unfair. In this study, we investigate the extent to which economists also differ from non-economists in how they value the fairness of the price system, and examine how...

In this paper, we examine students' attitudes towards various allocation mechanisms for a scarce resource. For this purpose, we have run a survey among officers of the German military who are enrolled in different courses of study (such as economics) at the University of the German Federal Armed...

Der vorliegende Beitrag analysiert die Vor- und Nachteile alternativer Allokationsmechanismen für das 900- und 1800-MHz-Frequenzspektrum, dessen Nutzungsrechte Ende 2016 auslaufen. Im Wesentlichen bestehen zwei Optionen. Zum einen die Möglichkeit der Verlängerung der aktuellen Nutzungsrechte,...