A Free and Fair Economy: A Game of Justice and Inclusion

@article{DemezeJouatsa2021AFA,
  title={A Free and Fair Economy: A Game of Justice and Inclusion},
  author={Ghislain-Herman Demeze-Jouatsa and Roland Pongou and Jean-Baptiste Tondji},
  journal={Comparative Political Economy: Comparative Capitalism eJournal},
  year={2021}
}
Frequent violations of fair principles in real-life settings raise the fundamental question of whether such principles can guarantee the existence of a self-enforcing equilibrium in a free economy. We show that elementary principles of distributive justice guarantee that a pure-strategy Nash equilibrium exists in a finite economy where agents freely (and non-cooperatively) choose their inputs and derive utility from their pay. Chief among these principles is that: 1) your pay should not depend… Expand
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