CHAPTER EIGHT. Fairness as a Constraint on Profit Seeking: Entitlements in the Market

By Daniel Kahneman, J. Knetsch, Richard H. Thaler. 2004

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Citations in the corpus

Maps of Bounded Rationality: Psychology for Behavioral Economics (2003, background): “The distinction between " actual " losses and losses of opportunities is recognized in many ways in the law (David Cohen and Jack L. Knetsch, 1992) and in lay intuitions about rules of fairness in the market (Kahneman et al., 1986).”
“Says Who?!” how the Source of Price Information and Affect Influence Perceived Price (Un)fairness (2007, background): “For example, the influential research on the principle of dual entitlement indicates that PPU are based on the transactor’s (e.g., the consumer’s) beliefs (Kahneman, Knetsch, and Thaler 1986a, b).”
Looking Inside the Labor Market: A Review Article (2002, result): “The theory also conforms with survey evidence, such as that of Kahneman et al (1986), Shafir et al (1997) and Levine (1993) concerning what constitutes " fair behavior.”
What sustains social norms and how they evolve? The case of tipping (2003, background): “…training them, insiders decrease the outsiders’ productivity and increase their reservation wages (since the work becomes less pleasant for outsiders); these two effects reduce the profitability of hiring cheaper labor and increase the monopolistic power of the insiders (Lindbeck and Snower, 1986).”
Industry Tournament Incentives (2018, neutral): “…the likelihood that this instrument and the two other instruments described below satisfy the exclusion condition Our second proposed instrument extends to the industry level the notion that “fair” wages for employees depend on a firm’s ability-to-pay (Kahneman, Knetsch, and Thaler (1986)).”
Why Does Ethnic Diversity Undermine Public Goods Provision? (2007, background): “To test this mechanism, we had subjects play a version of the standard dictator game in which the offerer is anonymous and the receivers’ identities are known (Kahneman, Knetsch, and Thaler 1986).”
Monkeys reject unequal pay (2003, background): “that has been shown to prevail in a wide variety of circumstance”