Abstract
The purpose of this paper is to investigate if just price could be given a precise and relevant definition. First, the historical background is sketched. Then a definition is formulated which is based on a gradual interpretation of possibility. The meaning of the definition is, that the buyer and the seller are given equal opportunity of reaching a justified standard of living.
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References
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Additional information
Claes Hägg is Associate Professor and Doctor of Economics at the Department of Business Administration, University of Stockholm, S-10691 Stockholm, Sweden. His most important publication is: ‘Possibility and Cost in Decision Analysis’, Fuzzy Sets and Systems, Vol. 1, No. 2 (1978).
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Hägg, C. Just price and equal opportunity. J Bus Ethics 2, 269–272 (1983). https://doi.org/10.1007/BF00383184
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DOI: https://doi.org/10.1007/BF00383184