Fairness through the Lens of Cooperative Game Theory: An Experimental Approach
52 Pages Posted: 25 Feb 2020
Date Written: October 1, 2019
Abstract
We experimentally investigate how impartial observers allocate money to agents whose complementarity and substitutability determine the surplus 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. Three treatments establish the robustness of this qualitative conclusion, while also illustrating how context may impact the parameter estimate.
Suggested Citation: Suggested Citation
de Clippel, Geoffrey and Rozen, Kareen, Fairness through the Lens of Cooperative Game Theory: An Experimental Approach (October 1, 2019). Available at SSRN: https://ssrn.com/abstract=3527069 or http://dx.doi.org/10.2139/ssrn.3527069
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