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Justice Perceptions and Price Formation in Urban Markets: A Relational Discussion

Year: 2026
Type: article
Abstract: This paper investigates the effect of perceived justice on market participation, endogenous price setting, price observation, and distributional outcomes within a reflexive Generative–Relational (GR) market system. Its starting point is an existing question-indexed market schema, guarded event grammar, accounting invariants, participant-specific observation kernels, belief updates, consent-factorized rate laws, and the labelled two-complex representation of market histories. Perceived justice enters as a readout of observers' beliefs and experiences; normative appraisal remains in separately declared evaluation frames. Conditional results derive informational effects on event intensity, participation selection, optimal posted quotes under logistic consent, the divergence between quoted and transaction-selected prices, and the distinction between matched-price indices and economic incidence. Inherited market-foam propositions locate monetary counting, redenomination, intertemporal holonomy, and injection-related redistribution in the same history structure. A finite-stock, two-venue simulation illustrates the joint operation of exchange, production, disclosure, quote revision, and monetary issuance under exact accounting checks. In the specified synthetic scenarios, fairness sensitivity alters both prices and trading; disclosure produces additional adjustments; and the response of the matched quoted-price index to a small targeted issuance is limited over the chosen horizon. The discussion establishes a hierarchical research design for testing fairness-sensitive market dynamics while separating modeled mechanisms, observed indicators, and normative judgments.
DOI: 10.17613/xnmnw-kj080
Language: English
Open Access status: green
OpenAlex ID: W7225832553
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