variables (number of buyers, surplus division at the market-clearing price and information revelation) on strategic and fairness …

This paper explores the implications of fairness and reciprocity in dynamic market games. A reciprocal player responds … behavior of rivals with kind actions (constructive reciprocity). The paper shows that for general perceptions of fairness …

conditions under which it is profitable for firms to engage in price obfuscation, given the potential fairness concerns of … consumers. We study how price obfuscation affects consumer fairness concerns, consumer demand, and equilibrium pricing … strategies. The findings suggest that if obfuscation mitigates fairness concerns, it can arise as an equilibrium outcome, even if …

Price discrimination has raised numerous public concerns and many regulatory agencies have enacted fairness regulations … of consumers and firms. However, inappropriate fairness regulation may stifle product quality improvement or induce high … heterogeneous market sizes, pursuing price fairness enlarges their profit inequality, and sometimes even leads to the unintended …