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This paper surveys recent experimental and field evidence on the impact of concerns for fairness, reciprocity and altruism on economic decision making. It also reviews some new theoretical attempts to model the observed behavior.
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norm violators. We further illustrate the powerful impact of fairness concerns on cooperation, competition, incentives, and …
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reveal a new behavioral force: ex ante competition legitimizes the terms of a contract, and aggrievement and shading occur …
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