Fairness is intuitive
Research output: Working paper › Research › peer-review
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Fairness is intuitive. / Cappelen, Alexander W.; Nielsen, Ulrik Haagen; Tungodden, Bertil; Tyran, Jean-Robert Karl; Wengström, Erik.
Copenhagen : Springer, 2014.Research output: Working paper › Research › peer-review
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TY - UNPB
T1 - Fairness is intuitive
AU - Cappelen, Alexander W.
AU - Nielsen, Ulrik Haagen
AU - Tungodden, Bertil
AU - Tyran, Jean-Robert Karl
AU - Wengström, Erik
N1 - JEL Classification: D03, D43
PY - 2014
Y1 - 2014
N2 - Consumers are assumed to be unable to discriminate between two goods of differing qualities provided that the qualities are close enough. It is shown that in a vertically differentiated duopoly this results in multiple equilibria. Demand for each firm's good is reduced. Firms' profits may be higher or lower depending on which equilibrium is selected.
AB - Consumers are assumed to be unable to discriminate between two goods of differing qualities provided that the qualities are close enough. It is shown that in a vertically differentiated duopoly this results in multiple equilibria. Demand for each firm's good is reduced. Firms' profits may be higher or lower depending on which equilibrium is selected.
KW - Faculty of Social Sciences
KW - Perception
KW - bounded rationality
KW - vertical differentiation
KW - oligopoly
U2 - 10.1007/s10683-015-9463-y
DO - 10.1007/s10683-015-9463-y
M3 - Working paper
T3 - University of Copenhagen. Institute of Economics. Discussion Papers (Online)
BT - Fairness is intuitive
PB - Springer
CY - Copenhagen
ER -
ID: 104680081