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Group fairness equilibria

Author

Listed:
  • Alejandro Tatsuo Moreno Okuno

    (Universidad de Guanajuato, Departamento de Economia y Finanzas)

  • Alejandro Mosino

    (Universidad de Guanajuato, Departamento de Economia y Finanzas)

Abstract

In this paper we extend Rabin’s (1993) model of fairness equilibria to groups of individuals and define a new solution concept we name group-fairness equilibria. We model two games with two players, where each player in each game belongs to one of two groups. We analyze how the outcome of one game may affect the outcome of the other and how the existence of one individual with a particular grudge or liking towards the player she is playing with can impact the outcome of both games. We analyze some applications of our model.

Suggested Citation

  • Alejandro Tatsuo Moreno Okuno & Alejandro Mosino, 2020. "Group fairness equilibria," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 17(1), pages 29-46, Enero-Jun.
    • Handle: RePEc:qua:journl:v:17:y:2020:i:1:p:29-46
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    References listed on IDEAS

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    More about this item

    Keywords

    Fairness; groups; psychological games; game theory.;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General

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