Fairness Preferences in a Bilateral Trade Experiment

Fairness in Trade-I.PDF

Fairness in Trade Mathias Risse John F. Kennedy School of Government, Harvard University February 5, 2005

A Theory of Fairness in Trade

Do the World Trade Organization and the Generalized System of Preferences foster bilateral trade?

Do the World Trade Organization and the Generalized System of Preferences foster bilateral trade? World trade has grown exponentially during the last 60 years. Admittedly, it is not clear if this development can be assigned to international trade agreements like the World Trade Organization or the Generalized System of Preferences as previous empirical studies found contradicting results. In th...

Determinants of Iran’s bilateral intra-industry trade in pharmaceutical industry

Among non-oil exports and in trade arena, drug has always been strategic importance and most government especially industrialized countries pay special attention to its production and trade issues. Thus, having a comprehensive view from economic perspective to this section is essential for suggesting intervention. This was a descriptive-analytical and panel study. In this study, gravity model i...

A Theory of Reference-Dependent Fairness Preferences

Economic agents care about more than their own payo¤, as has been well documented by recent theoretical and experimental work on the economics of fairness. This paper develops a theory of how people’s distributional preferences depend on nonoutcome aspects of games. People care about how unequal allocations are, but they dislike inequalities more when those inequalities are more avoidable. Conv...