People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet … arising from previous transactions play an important role in shaping perceptions of fairness. Buyers used to high market … two classes of models of path-dependent fairness preferences - either based on endogenous fairness reference points or …

for this observation. By conducting a non-computer-based laboratory experiment, we created an environment, in which … that resulting contracts between the investors and entrepreneurs in the experiment on average imposed most of the financial … ; asymmetric information ; random effects ; probit ; experiment ; ultimatum game …

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 …

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 …

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 …