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Web of Proceedings - Francis Academic Press
Web of Proceedings - Francis Academic Press

Thinking about fairness and efficiency

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DOI: 10.25236/edbm.2020.004


Fan Li, Shaoyan Lv

Corresponding Author

Fan Li


The healthy and stable development of a society depends not only on the level of efficiency, but also on the degree of fairness. With the development of the market economy, the efficiency of the competitive market mechanism has been greatly improved, but the disparity between the rich and the poor has gradually expanded, accompanied by social equity issues. Fairness and efficiency, as the two main themes of the development of human society, have actually fallen into the "prisoner's dilemma" to a certain extent. Based on the hypothesis of a rational economic person, this article analyzes and proposes a personal point of view of adhering to the principle of "efficiency first, and fairness."


Fairness, efficiency, comparison, prisoner's dilemma, convenience store positioning game