In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …

In this paper we show that a simple model of fairness preferences explains major experimental regularities of common …

theories of fairness and reciprocity capture these forces. We find that cooperators' punishment is almost exclusively targeted … between different fairness principles. Fairness theories that are based on the assumption that players compare their own … the defectors. Fairness theories assuming that players aim to minimize payoff inequalities cannot explain the fact that …

Recently developed models of fairness can explain a wide variety of seemingly contradictory facts. The most … controversial and yet unresolved issue in the modeling of fairness preferences concerns the behavioral relevance of fairness … intentions. Intuitively, fairness intentions seem to play an important role in economic relations, political struggles and legal …