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Fairness and its price
Institute of Public Economics, WW University of Münster, Münster, Germany.
Institute for International Economic Policy Research, Helmut Schmidt University, Hamburg, Germany.
2012 (English)In: Review of social economy, ISSN 0034-6764, E-ISSN 1470-1162, Vol. 70, no 2, p. 181-199Article in journal (Refereed) Published
Abstract [en]

We discuss the economic aspects of fairness defined here in the benchmark case as equality of producer and consumer rents. We show that there are significant differences considering private and public goods, especially with regard to a potential self-damaging of the initially disadvantaged, resulting from the implementation of the equality-rule. Furthermore, the potential welfare loss to society will be substantially larger in the field of public rather than of private goods. 

Place, publisher, year, edition, pages
Taylor & Francis, 2012. Vol. 70, no 2, p. 181-199
Keywords [en]
Fairness, Private goods, Public goods, Welfare
National Category
Economics
Identifiers
URN: urn:nbn:se:hj:diva-46458DOI: 10.1080/00346764.2011.632325Scopus ID: 2-s2.0-84866842672OAI: oai:DiVA.org:hj-46458DiVA, id: diva2:1357499
Available from: 2019-10-04 Created: 2019-10-04 Last updated: 2019-10-04Bibliographically approved

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Schneider, Andrea

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