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What Makes a Price Fair? An Experimental Analysis of Transaction Experience and Endogenous Fairness Views

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NBER2016-10-01 更新2025-01-04 收录
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People's fairness preferences are an important constraint for what constitutes an acceptable economic transaction, yet little is known about how these preferences are formed. In this paper, we provide clean evidence that previous transactions play an important role in shaping perceptions of fairness

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2016-10-01
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