In this paper, we revisit the association between happiness and inequality. We argue that the perceived fairness of the … maximization, we predict that persons with higher perceived fairness will experience higher levels of life-time utility and are … perceived more positively with increased expected fairness. The opposite is expected for countries with low actual social …

, not for efficiency. In this paper we claim that condition [1] can be dropped and show experimentally that this is also …

economic efficiency within a changing technological and social environment. Ethical evaluations of these developments diverge …, yet the view that free labor markets drive to efficiency remains undisputed. This note sets out to criticize, in a non …-technical manner, this efficiency presumption which is based on Adam Smith’s theory of wage setting. It is urged that a Smithian wage …

efficiency, fairness and a new axiom called component balancedness. This latter axiom compares for every component in the …

for me, payoff for the other). This draws attention to inequality in payoffs and thus gives weight to fairness concerns …