← Every exhibit
What determines perceived price fairness?
| Question | What it asks | Common mistake |
|---|---|---|
| Reference | Compared with which prior price, alternative, cost, or norm? | Calling the new price unfair without naming the comparison |
| Seller entitlement | Which cost, service, risk, or margin claim does the seller present? | Treating any cost increase as self-validating |
| Buyer entitlement | Which prior terms, service level, or expectation does the buyer believe should continue? | Treating the buyer's reference as the only economic fact |
| Process | Was the rule disclosed, consistent, timely, and open to explanation? | Assuming a true cost makes an opaque process fair |
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Reference & Evidence
Source: Table from this essay. Sources and interpretation are given in the article.
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