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Does market competition explain fairness?

Published online by Cambridge University Press:  01 February 2013

Peter DeScioli*
Affiliation:
Departments of Psychology and Economics, Brandeis University, Waltham, MA 02453. pdescioli@gmail.comwww.pdescioli.com

Abstract

The target article by Baumard et al. uses their previous model of bargaining with outside options to explain fairness and other features of human sociality. This theory implies that fairness judgments are determined by supply and demand but humans often perceive prices (divisions of surplus) in competitive markets to be unfair.

Type
Open Peer Commentary
Copyright
Copyright © Cambridge University Press 2013

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