Fairness That Money Can Buy. Procedural Egalitarianism in Practice

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2013

Autor:innen

Güth, Werner
Kliemt, Hartmut

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Herausgeber

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Contrary to communitarian market criticism institutions relying on money and bidding can strengthen faculties of self-governance'. Securing procedurally egalitarian bidding on the basis of declared monetary evaluations guarantees that all realized changes of a status quo are in an objective' (pecuniary) sense equally advantageous for all members of the community. We show how to use this idea in the context of Elinor Ostrom type common(s) projects. Empirical evidence on procedurally fair bidding' is presented. The practical scope and limits of procedural egalitarianism need further empirical exploration but money may be the best means to express moral values in communitarian consent'.

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Erstpublikation in

Rationality, markets, and morals: RMM 4 (2013), 28 - 38

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