Fairness Theory

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"Mirror, mirror on the wall...is Pareto Optimal the fairest of them all?"

Overview | What Is Fairness? | Fairness In Game Theory | Retaliation and Reciprocity | William Baumol's Fairness Assumption | The Ultimatum Game Under Baumol's Fairness Assumption | Fairness Theory Homepage

What is Fairness?

William Baumol's Fairness Assumption

Bowles' & Hayek's use of Fairness

Equity vs. Efficiency

Applications

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