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Towards Fairness In Prices
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Download or read book Fairness written by Sandra Ziegler and published by Children's Press. This book was released on 1989 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents, in simple text and illustrations, a variety of familiar situations that explain the concept of fairness.
Book Synopsis The Price is Wrong by : Sarah Maxwell
Download or read book The Price is Wrong written by Sarah Maxwell and published by John Wiley & Sons. This book was released on 2007-12-11 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fair pricing is an issue that affects us all, whether we?re consumers or merchants. Throughout her career, Sarah Maxwell has seen how pricing practices?across a variety of different areas, from mobile phones and airline tickets to prescription drugs and gasoline?impact our everyday lives. Now, with The Price Is Wrong, Maxwell shares her deepest insights on this issue and examines both the psychological and sociological basis of fair pricing.
Book Synopsis Free Market Fairness by : John Tomasi
Download or read book Free Market Fairness written by John Tomasi and published by Princeton University Press. This book was released on 2013-05-05 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative new vision of free market capitalism that achieves liberal ends by libertarian means Can libertarians care about social justice? In Free Market Fairness, John Tomasi argues that they can and should. Drawing simultaneously on moral insights from defenders of economic liberty such as F. A. Hayek and advocates of social justice such as John Rawls, Tomasi presents a new theory of liberal justice. This theory, free market fairness, is committed to both limited government and the material betterment of the poor. Unlike traditional libertarians, Tomasi argues that property rights are best defended not in terms of self-ownership or economic efficiency but as requirements of democratic legitimacy. At the same time, he encourages egalitarians concerned about social justice to listen more sympathetically to the claims ordinary citizens make about the importance of private economic liberty in their daily lives. In place of the familiar social democratic interpretations of social justice, Tomasi offers a "market democratic" conception of social justice: free market fairness. Tomasi argues that free market fairness, with its twin commitment to economic liberty and a fair distribution of goods and opportunities, is a morally superior account of liberal justice. Free market fairness is also a distinctively American ideal. It extends the notion, prominent in America's founding period, that protection of property and promotion of real opportunity are indivisible goals. Indeed, according to Tomasi, free market fairness is social justice, American style. Provocative and vigorously argued, Free Market Fairness offers a bold new way of thinking about politics, economics, and justice—one that will challenge readers on both the left and right.
Book Synopsis Fairness in Practice by : Aaron James
Download or read book Fairness in Practice written by Aaron James and published by OUP USA. This book was released on 2012-04-13 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, the author argues that to achieve a fair global economy, there must be compensation of people harmed by their exposure to the global economy, but also equal division of the "gains of trade" across societies.
Book Synopsis The Conflict of Price Differentiation and Price Fairness by : Luisa Domanska
Download or read book The Conflict of Price Differentiation and Price Fairness written by Luisa Domanska and published by GRIN Verlag. This book was released on 2019-01-11 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2018 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Cologne Business School Köln, language: English, abstract: The thesis describes the conflict of price differentiation strategies and the consumers' perception of price fairness in different manners. By that, the role of a price is explained in detail in the role of marketing, as well as it's role in behavioral economics regarding price fairness. Different examples, being a highly discussed topic in the current state of the art, are brought together to demonstrate the variety of this price policy. Uber, the haircutting industry as well as typical gender-based pricing or emergency situations represent crucial practices that are discussed in regard of moral and ethical limitations in terms of price fairness. Finally, the work aims to understand the limitations on price differentiation in the context of price fairness and tries to answer questions as: When is price differentiation acceptable for consumers and when should firms reconsider differential price strategies due to a perceived abuse of trust, anger or similar emotions of targeted customers? For that, an empirical social research is considered to bring first and secondary data together, and to enable the defintion of those limitations to become a little clearer.
Book Synopsis Against Fairness by : Stephen T. Asma
Download or read book Against Fairness written by Stephen T. Asma and published by University of Chicago Press. This book was released on 2013 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: A polymath philosopher shares lighthearted examples of humanity's unspoken instinct toward favoritism to argue against zealous pursuits of fairness.
Book Synopsis Pricing Fairness in a Pandemic by : Elizabeth Friedman
Download or read book Pricing Fairness in a Pandemic written by Elizabeth Friedman and published by . This book was released on 2020 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The recent pandemic has caused many businesses to alter their offerings, at times providing inferior value to their customers or incurring higher costs. Many classes moved online, leading to a lower-value offering without significant cost reductions, and many firms adopted costly hygiene measures, such as stringent cleaning or reducing capacity to maintain social distancing. This article explores consumers' fairness perceptions regarding pricing decisions made in response to unique scenarios caused by the pandemic. We present three key findings: (i) maintaining prices following a product downgrade is viewed as less fair than maintaining prices following an equivalent decrease in costs; (ii) price decreases following a product downgrade are viewed as more fair when positioned as passing on a cost saving rather than making up for decreased value; and (iii) price increases due to hygiene measures are perceived as more fair when they result from direct (compared with indirect) cost changes.
Book Synopsis Pricing when Customers Care about Fairness But Misinfer Markups by : Erik Eyster
Download or read book Pricing when Customers Care about Fairness But Misinfer Markups written by Erik Eyster and published by . This book was released on 2017 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper proposes a theory of price rigidity consistent with survey evidence that firms stabilize prices out of fairness to their consumers. The theory relies on two psychological assumptions. First, customers care about the fairness of prices: fixing the price of a good, consumers enjoy it more at a low markup than at a high markup. Second, customers underinfer marginal costs from prices: when prices rise due to an increase in marginal costs, customers underappreciate the increase in marginal costs and partially misattribute higher prices to higher markups. Firms anticipate customers' reaction and trim their price increases. Hence, the passthrough of marginal costs into prices falls short of one-prices are somewhat rigid. Embedded in a simple macroeconomic model, our pricing theory produces nonneutral monetary policy, a short-run Phillips curve that involves both past and future inflation rates, a hump-shaped impulse response of output to monetary policy, and a nonvertical long-run Phillips curve.
Book Synopsis Superfairness by : William J. Baumol
Download or read book Superfairness written by William J. Baumol and published by MIT Press. This book was released on 1986 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: With his characteristic acuteness and lucidity, William Baumol, one of America's foremost economists, tackles the problem of equity considerations in welfare economics by applying the novel "superfairness" criterion to the distribution of resources, product, income, and wealth that arises from economic decisions.
Book Synopsis Fair Or Foul? by : Jodie Lynne Ferguson
Download or read book Fair Or Foul? written by Jodie Lynne Ferguson and published by . This book was released on 2008 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: Past research on perceived price fairness has examined outcome fairness, or the fairness of an offered price in respect to other prices (e.g., Campbell 1999a; b). In this research consumers' perceived fairness of the process used by the retailer to set the price, as well as outcome perceived price fairness (PPF), were examined. In the first of two studies, twelve price-setting practices were evaluated on procedural fairness, pervasiveness (i.e., commonness of price-setting practice in the marketplace), and social acceptability within six contexts. Social acceptability was found to be highest when the price-setting practice was both procedurally fair and perceived to be highly pervasive for a given context. An experiment bridged the two concepts of price fairness by detecting the negative effect of using a socially unacceptable price-setting practice on outcome PPF. Also, evidence of multidimensionality (i.e., a cognitive and an affective dimension) of the PPF construct was confirmed in the second study. Cognitive and affective assessments of PPF were found to bring about greater consumer intention to partake in self-protection behaviors such as complaining, and revenge-seeking behaviors such as posting negative online reviews.
Book Synopsis Journals by : Canada. Parliament. House of Commons
Download or read book Journals written by Canada. Parliament. House of Commons and published by . This book was released on 1915 with total page 930 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Fairness Or Efficiency by : Edward E. Zajac
Download or read book Fairness Or Efficiency written by Edward E. Zajac and published by . This book was released on 1978 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis How Much Inequality Is Fair? by : Venkat Venkatasubramanian
Download or read book How Much Inequality Is Fair? written by Venkat Venkatasubramanian and published by Columbia University Press. This book was released on 2017-08-08 with total page 410 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many in the United States feel that the nation’s current level of economic inequality is unfair and that capitalism is not working for 90% of the population. Yet some inequality is inevitable. The question is: What level of inequality is fair? Mainstream economics has offered little guidance on fairness and the ideal distribution of income. Political philosophy, meanwhile, has much to say about fairness yet relies on qualitative theories that cannot be verified by empirical data. To address inequality, we need to know what the goal is—and for this, we need a quantitative, testable theory of fairness for free-market capitalism. How Much Inequality Is Fair? synthesizes concepts from economics, political philosophy, game theory, information theory, statistical mechanics, and systems engineering into a mathematical framework for a fair free-market society. The key to this framework is the insight that maximizing fairness means maximizing entropy, which makes it possible to determine the fairest possible level of pay inequality. The framework therefore provides a moral justification for capitalism in mathematical terms. Venkat Venkatasubramanian also compares his theory’s predictions to actual inequality data from various countries—showing, for instance, that Scandinavia has near-ideal fairness, while the United States is markedly unfair—and discusses the theory’s implications for tax policy, social programs, and executive compensation.
Book Synopsis Interdisciplinary Perspectives on Fairness, Equity, and Justice by : Meng Li
Download or read book Interdisciplinary Perspectives on Fairness, Equity, and Justice written by Meng Li and published by Springer. This book was released on 2017-09-18 with total page 185 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together cutting-edge research from emerging and senior scholars alike representing a variety of disciplines that bears on human preferences for fairness, equity and justice. Despite predictions derived from evolutionary and economic theories that individuals will behave in the service of maximizing their own utility and survival, humans not only behave cooperatively, but in many instances, truly altruistically, giving to unrelated others at a cost to themselves. Humans also seem preoccupied like no other species with issues of fairness, equity and justice. But what exactly is fair and how are norms of fairness maintained? How should we decide, and how do we decide, between equity and efficiency? How does the idea of fairness translate across cultures? What is the relationship between human evolution and the development of morality? The collected chapters shed light on these questions and more to advance our understanding of these uniquely human concerns. Structured on an increasing scale, this volume begins by exploring issues of fairness, equity, and justice in a micro scale, such as the neural basis of fairness, and then progresses by considering these issues in individual, family, and finally cultural and societal arenas. Importantly, contributors are drawn from fields as diverse as anthropology, neuroscience, behavioral economics, bioethics, and psychology. Thus, the chapters provide added value and insights when read collectively, with the ultimate goal of enhancing the distinct disciplines as they investigate similar research questions about prosociality. In addition, particular attention is given to experimental research approaches and policy implications for some of society's most pressing issues, such as allocation of scarce medical resources and moral development of children. Thought-provoking and informative, Interdisciplinary Perspectives on Fairness, Equity, and Justice is a valuable read for public policy makers, anthropologists, ethicists, psychologists, neuroscientists, and all those interested in these questions about the essence of human nature.
Book Synopsis Journal ... by : Canada. Parliament. House of Commons
Download or read book Journal ... written by Canada. Parliament. House of Commons and published by . This book was released on 1915 with total page 930 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fairness written by Nicholas Rescher and published by Routledge. This book was released on 2018-02-06 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: In theory and practice, the notion of fairness is far from simple. The principle is often elusive and subject to confusion, even in institutions of law, usage, and custom. In Fairness, Nicholas Rescher aims to liberate this concept from misunderstandings by showing how its definitive characteristics prevent it from being absorbed by such related conceptions as paternalistic benevolence, radical egalitarianism, and social harmonization. Rescher demonstrates that equality before the state is an instrument of justice, not of social utility or public welfare, and argues that the notion of fairness stops well short of a literal egalitarianism. Rescher disposes of the confusions arising from economists' penchant to focus on individual preferences, from decision theorists' concern for averting envy, and from political theorists' sympathy for egalitarianism. In their place he shows how the idea of distributive equity forms the core of the concept of fairness in matters of distributive justice. The coordination of shares with valid claims is the crux of the concept of fairness. In Rescher's view, this means that the pursuit of fairness requires objective rather than subjective evaluation of the goods being shared. This is something quite different from subjective equity based on the personal evaluation of goods by those laying claim to them. Insofar as subjective equity is a concern, the appropriate procedure for its realization is a process of maximum value distribution. Further, Rescher demonstrates that in matters of distributive justice, the distinction between new ownership and preexisting ownership is pivotal and calls for proceeding on very different principles depending on the case. How one should proceed depends on context, and what is adjudged fair is pragmatic, in that there are different requirements for effectiveness in achieving the aims and purposes of the sort of distribution that is intended. Rescher concludes that fairness is a fundamentally ethical concept. Its distinctive modus operandi contrasts sharply with the aims of paternalism, preference-maximizing, or economic advantage. Fairness will be of interest to philosophers, economists, and political scientists.
Book Synopsis Rightness as Fairness by : Marcus Arvan
Download or read book Rightness as Fairness written by Marcus Arvan and published by Springer. This book was released on 2016-03-29 with total page 282 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rightness as Fairness provides a uniquely fruitful method of 'principled fair negotiation' for resolving applied moral and political issues that requires merging principled debate with real-world negotiation.