On the fairness of pricing — An empirical survey among the general population

Frey, Bruno S.; Pommerehne, Werner W.

doi:10.1016/0167-2681(93)90027-m

Cited by 191 publications

(110 citation statements)

References 11 publications

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“…Pricing is considered unfair: Empirical evidence shows that the use of prices is not welcomed by a large share of the population in circumstances where most economists would recommend its use. In a well-defined excess demand situation, more than threequarters of the population consider it unfair to allocate the scarce resources via a price increase (Kahneman et al 1986;Frey and Pommerehne 1993). However, the fairness of pricing must be analyzed in a comparative perspective; no decision-making system is completely fair or unfair.…”

Section: Conflict Over Income Distributionmentioning

confidence: 99%

“…But the rejection of pricing is not only related to income considerations. It has been demonstrated that people in some cases reject the price system as a rationing device and prefer an allocation by tradition or by administrative fiat (Kahneman et al 1986;Frey and Pommerehne 1993;Frey 2001). There are various reasons why the majority of people reject the price system: 1.…”

Section: Evaluations Of Pricing As Rationing Devicementioning

confidence: 99%

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Pay as you go: a new proposal for museum pricing

Frey

Steiner

2012

Museum Management and Curatorship

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Section: Conflict Over Income Distributionmentioning

confidence: 99%

Section: Evaluations Of Pricing As Rationing Devicementioning

confidence: 99%

Pay as you go: a new proposal for museum pricing

Frey

Steiner

2012

Museum Management and Curatorship

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“…Moreover, we also observe formal laws that penalize sellers who take advantage of shortages through a price rise of water, fuel and other necessities after a natural disaster (Cameron, Loewenstein, and Rabin 2004). Frey and Pommerehne (1993), Savage and Torgler (2008) replicated the study using European samples. They found similar results.…”

Section: Theoretical Backgroundmentioning

confidence: 73%

Noblesse Oblige? Determinants of Survival in a Life and Death Situation

2008

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Abstract:This paper explored the determinants of survival in a life and death situation created by an external and unpredictable shock. We are interested to see whether pro-social behaviour matters in such extreme situations. We therefore focus on the sinking of the RMS Titanic as a quasi-natural experiment do provide behavioural evidence which is rare in such a controlled and life threatening event. The empirical results support that social norm such as "women and children first" survive in such an environment. We also observe that women of reproductive age have a higher probability of surviving among women. On the other hand, we observe that crew members used their information advantage and their better access to resources (e.g. lifeboats) to generate a higher probability of surviving. The paper also finds that passenger class, fitness, group size, and cultural background matter.JEL Classifications: D63; D64; D71; D81

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“…Too often they are accepted without critical reflection and too few property economists pursue the debates that continue to rage within economics over price theories that weaken its claim to be a true science (Langholm 1969;Frey and Pommerehne 1993;D'Arcy 2006). On the other hand, property economists are specialists in practical pricing (Mangioni 2006;Ong 2006).…”

Section: Property Economics Versus General Economicsmentioning

confidence: 99%