Perceptions of price fairness: An empirical research

R. Gielissen, C.E. Dutilh and Johan Graafland

MPRA Paper from University Library of Munich, Germany

Abstract: This paper researches factors that influence price fairness judgements. The empirical literature suggests several factors: reference prices, the costs of the seller, a self-interest bias and the perceived motive of sellers. Using a Dutch sample, we find empirical evidence that these factors significantly affect perceptions of fair prices. In addition, we find that the perceived fairness of prices is also influenced by other distributional concerns that are independent of the transaction. In particular, price increases are judged to be fairer if they benefit poor people or small organisations rather than benefiting rich people or big organisations.

Keywords: Fair price; justice; fair trade; reference price (search for similar items in EconPapers)
JEL-codes: A13 D49 D63 P16 (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

Published in Business & Society: A Journal of Interdisciplinary Exploration 47.3(2008): pp. 370-389

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/20275/1/MPRA_paper_20275.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:20275

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().