Parties in a bargaining situation may perceive guilt, a utility loss caused by receiving the larger share that is … modeled in some social preferences. I extend Rubinstein (1982)´s solution of the open-ended alternating-offer bargaining … bargaining parties still reach agreement in the first period. If guilt is strong, they split the bargaining surplus equally. In …

growing importance on how fairness affects behavior, and this experiment provides a useful, fun, and engaging way in which a … different subjective weights on concerns for fairness versus money. Second, theories that incorporate concerns for fairness into … purchase fairness (or equality) individuals purchase more of it. The classroom results can motivate discussion of a downward …

systematically refutes the self-interest hypothesis and suggests that many people are strongly motivated by concerns for fairness and … insights into the nature of preferences and into the relative performance of competing theories of fairness. The purpose of …

We show that concerns for fairness may have dramatic consequences for the optimal provision of incentives in a moral … concerned about fairness. Conversely, contracts that are doomed to fail when there are only selfish actors provide powerful …

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

Experimentally observed deviations of behavior from game theoretic predictions suggest that fairness does influence … decision making. Fairness in the sense of equality has become an essential element of economic models aiming at explaining … only fairness norm to be taken into account. More equity norms than equality exist, including inequality of payoffs. Since …

We show experimentally that fairness concerns may have a decisive impact on both the actual and the optimal choice of … inferior when some agents value fairness. Conversely, implicit bonus contracts that are doomed to fail among purely selfish … recently developed theories of fairness, which also offer interesting new insights into the interaction of contract choices …

' perceptions of fairness and trust are also key drivers of their work effort. Treating employees with respect is not only ethically …

refutes the self-interest hypothesis, suggesting that concerns for altruism, fairness, and reciprocity strongly motivate many … the nature of preferences and the relative performance of competing fairness theories. The purpose of this chapter is to … norm violators. We further illustrate the powerful impact of fairness concerns on cooperation, competition, incentives, and …