American Economic Journal:
Microeconomics
ISSN 1945-7669 (Print) | ISSN 1945-7685 (Online)
Fairness through the Lens of Cooperative Game Theory: An Experimental Approach
American Economic Journal: Microeconomics
vol. 14,
no. 3, August 2022
(pp. 810–36)
Abstract
We experimentally investigate how impartial observers allocate money to agents whose complementarity and substitutability determine the surplus that each group can achieve. Analyzing the data through the lens of axioms and solutions from cooperative game theory, a one-parameter model (mixing equal split and Shapley value) arises as a parsimonious description of the data.Citation
de Clippel, Geoffroy, and Kareen Rozen. 2022. "Fairness through the Lens of Cooperative Game Theory: An Experimental Approach." American Economic Journal: Microeconomics, 14 (3): 810–36. DOI: 10.1257/mic.20200015Additional Materials
JEL Classification
- C71 Cooperative Games
- C91 Design of Experiments: Laboratory, Individual
- D12 Consumer Economics: Empirical Analysis
- D63 Equity, Justice, Inequality, and Other Normative Criteria and Measurement
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