Peer-Induced Fairness in Games

People exhibit peer-induced fairness concerns when they look to their peers as a reference to evaluate their endowments. We analyze two independent ultimatum games played sequentially by a leader and two followers. With peer-induced fairness, the second follower is averse to receiving less than the...

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Veröffentlicht in:	The American economic review 2009-12, Vol.99 (5), p.2022-2049
Hauptverfasser:	Ho, Teck-Hua, Su, Xuanming
Format:	Artikel
Sprache:	eng
Schlagworte:	Agency theory Chief executive officers Consumer prices Economic models Equilibrium Fairness Game theory Games Group dynamics Inference Market prices Parametric models Peer groups Peers Social comparison Social interaction Studies Ultimatum game Utility functions Wages & salaries
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