A Theory of Fairness, Competition, and Cooperation
نویسنده
چکیده
There is strong evidence that people exploit their bargaining power in competitivemarkets but not in bilateral bargaining situations. There is also strong evidence that people exploit free-riding opportunities in voluntary cooperation games. Yet, when they are given the opportunity to punish free riders, stable cooperation is maintained, although punishment is costly for those who punish. This paper asks whether there is a simple common principle that can explain this puzzling evidence. We show that if some people care about equity the puzzles can be resolved. It turns out that the economic environment determines whether the fair types or the selsh types dominate equilibrium behavior.
منابع مشابه
Multi-objective Modeling Based on Competition Airlines Cooperation by Game Theory and Sustainable Development Approach
In each time period, the demand of passengers for each route are finite and airlines compete for earning more profits. The complex competition among airlines causes problems, such as complicating flight planning and increasing empty seats for some routes. These problems increase air pollution and fuel consumption. To solve these problems, this research studies the cooperation of the airlines wi...
متن کاملThe Appearance of Homo Rivalis: Social Preferences and the Nature of Rent Seeking
While numerous experiments demonstrate how pro-sociality can influence economic decision-making, evidence on explicitly anti-social economic behavior has thus far been limited. In this paper we investigate the importance of spite in experimental rent-seeking contests. Although, as we show, existing evidence of excessive rent-seeking is in theory compatible with fairness considerations, our soci...
متن کاملMinimally Acceptable Altruism and the Ultimatum Game
I suppose that people react with anger when others show themselves not to be minimally altruistic. With heterogeneous agents, this can account for the experimental results of ultimatum and dictator games. Moreover, it can account for the surprisingly large fraction of individuals who offer an even split with parameter values that are more plausible than those that are required to explain outcom...
متن کاملChaos/Complexity Theory and Education
Sciences exist to demonstrate the fundamental order underlying nature. Chaos/complexity theory is a novel and amazing field of scientific inquiry. Notions of our everyday experiences are somehow in connection to the laws of nature through chaos/complexity theory’s concerns with the relationships between simplicity and complexity, between orderliness and randomness (Retrieved from http://www.inc...
متن کاملمدیریت به معنی پدید آوردن ارزش افزوده
During 1980's business thrived. Privatization, deregulationl global marketing, and international competition were firmly advocated. Managers were concerned three things: customers, satistaction, decrease of production expenditure, and increase of quality. These trends are forecefully influencing the 1990's. What happened in private business and industry is also true in public sector. Public ag...
متن کامل