Peer-Induced Fairness in Games
通过两个独立最后通牒博弈实验,发现同伴间的公平关切比分配公平强两倍,约50%的受试者具有公平意识,并讨论了其对价格歧视、CEO薪酬和模式谈判的影响。
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 first follower. Using laboratory experimental data, we estimate that peer-induced fairness between followers is two times stronger than distributional fairness between leader and follower. Allowing for heterogeneity, we find that 50 percent of subjects are fairness-minded. We discuss how peer-induced fairness might limit price discrimination, account for low variability in CEO compensation, and explain pattern bargaining.