Fairness through the Lens of Cooperative Game Theory: An Experimental Approach
نویسندگان
چکیده
We experimentally investigate how impartial observers allocate money to agents whose complementarity and substitutability determine the surplus that each group can achieve. Analyzing data through lens of axioms solutions from cooperative game theory, a one-parameter model (mixing equal split Shapley value) arises as parsimonious description data. (JEL C71, C91, D12, D63)
منابع مشابه
FAIRNESS THROUGH THE LENS OF COOPERATIVE GAME THEORY: AN EXPERIMENTAL APPROACH By
This paper experimentally investigates cooperative game theory from a normative perspective. Subjects designated as Decision Makers express their view on what is fair for others, by recommending a payoff allocation for three subjects (Recipients) whose substitutabilities and complementarities are captured by a characteristic function. We show that axioms and solution concepts from cooperative g...
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ژورنال
عنوان ژورنال: American Economic Journal: Microeconomics
سال: 2022
ISSN: ['1945-7669', '1945-7685']
DOI: https://doi.org/10.1257/mic.20200015