Answer to Question #70165 in Economics for Zaheer

Question

Is the cooperative solution fair? Can the resulting inequality in civil society
be justified? To answer these questions, draw on your intuitive ideas of fairness
or, better still, a concept of fairness developed by a major philosopher
such as Hobbes, Locke, Rawls, or Aristotle.
b. Suppose that the bargaining process did not allow destructive threats, such
as the threat to steal. How might this restriction affect the distribution of the
surplus?
c. What is the difference between the principle, “To each according to his
threat value,” and this principle, “To each according to his productivity”?