emotional mechanisms have been proposed as a possible explanation. In particular, feelings of fairness, anger and envy are …

inconsistent behavior, typically attributed to "other regarding preferences." The Ultimatum Game, used to study fairness, and the … accounting for both the evolution of fairness and the evolution of trust. Here I explore the role of population structure by … trusting and trustworthy trustworthy and reduces the critical return threshold, but, much like in the case of fairness, it does …

This paper analyzes fairness and bargaining in a dynamic bilateral matching market. Traders from both sides of the … market are pairwise matched to share the gains from trade. The bargaining outcome depends on the traders’ fairness attitudes …. In equilibrium fairness matters because of market frictions. But, when these frictions become negligible, the equilibrium …