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 deeply such differences are rooted in their course of studies. The …

In this paper, we examine students' attitudes towards various allocation mechanisms for a scarce resource. For this …-year economists or other students. These results stand in contrast to results obtained by Frey, Pommerehne and Gygi (1993) on exactly …

Departures from "economic man" behavior in many games in which fairness is a salient characteristic are now well …

In this paper, we examine students' attitudes towards various allocation mechanisms for a scarce resource. For this …-year economists or other students. These results stand in contrast to results obtained by Frey, Pommerehne and Gygi (1993) on the same …

statistical tests for fairness within well-defined income distribution generating processes and a well specified notion of … fairness. We find that the likelihood ratio (LR) test for fairness versus unfairness within two such processes are proportional … their values differently – to compare them to critical values for a test of the null hypothesis of fairness, or to use them …

economists. The main contribution to the literature is in using the type of education as main explanatory variable for innovation …