A growing literature in economics has studied how fairness
considerations shape human behavior. This review analyses the key
theoretical and empirical contributions spanning the last four
decades, along with influential related work in normative
economics. It argues that the fairness motive is essential for
understanding human behavior in a wide range of settings, such as
markets, bargaining, and redistributive situations. It moves on to
a discussion of the large heterogeneity in what people view as fair
and the importance people attach to fairness, displaying how a
concern for fairness develops in childhood and manifests itself in
the brain. This research review will be a valuable tool for those
interested in the fascinating field of the economics of fairness.
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