The market economy deals with many interacting agents such as buyers and sellers who are autonomous intelligent agents pursuing their own interests. One such multi-agent system (MAS) that plays an important role in auctions is the combinatorial auctioning system (CAS). We use this framework to define our concept of fairness in terms of what we call as "basic fairness" and "extended fairness". The assumptions of quasilinear preferences and dominant strategies are taken into consideration while explaining fairness. We give an algorithm to ensure fairness in a CAS using a Generalized Vickrey Auction (GVA). We use an algorithm of Sandholm to achieve optimality. Basic and extended fairness are then analyzed according to the dominant strategy solution concept.
List of Contributors. Acknowledgments. Preface. Part I: Foundational Statements. 1. An Inquiry into the Nature and Causes of the Wealth of Nations (Adam Smith) 2. Grundrisse: Foundations of the Critique of Political Economy Selections from the Chapter on capital (Karl Max) 3. Economy and Society: An Outline of Interpretive Sociology (Max Weber) 4. The Great Transformation (Karl Polanyi) Part II: Economic Action. 5. Economic Action and Social Structure: The Problem of Embeddedness (Mark Granovetter) 6. Making Markets: Opportunism and restraint on Wall Street (Mitchel Y. Abolafia) 7. Auctions: The Social Construction of Value (Charles Smith) 8. the Structural Sources of Adventurism: The Case of the California Gold Rush (Gary G. Hamilton) 9. The Separative Self: Andocentric Bias in Neoclassical Assumptions (Paula England) Part III: Capitalist States and Globalizing Markets. 10. Weber's Last Theory of capitalism (Randall Collins) 11. Markets as Politics: A Political-Culture Approach to Market Institutions (Neil Fligstein) 12. Rethinking Capitalism (Fred Block) 13. Developing Difference: Social Organization and the rise of the Auto Industries of South Korea, Taiwan, Spain, and Argentina (Nicole Woolsey Biggart and Mauro F. Guillen) 14. Learning from Collaboration: Knowledge and Networks in the Biotechnology and Pharmaceutical Industries (Walter W. Powell) Part IV: Economic Culture and the Culture of the Economy. 15. The Forms of Capital (Pierre Bourdieu) 16. Money, Meaning, and Morality (Bruce G. Carruthers and Wendy Nelson Espeland) 17. The Social Meaning of Money (Viviana A. Zelizer) 18. Opposing Ambitions: Gender and Identity in an Alternative Organization (Sherryl Kleinman) 19. Greening the Economy from the Bottom Up? Lessons in Consumption from the Energy Case (Loren Lutzenhiser) Index.