An Experiment on the Core∗

Huibin Yan and Daniel Friedman

Santa Cruz Department of Economics, Working Paper Series from Department of Economics, UC Santa Cruz

Abstract: Each of n ≥ 1 identical buyers (and m ≥ 1 identical sellers) wants to buy (sell) a single unit of an indivisible good. The core predicts a unique and extreme outcome: the entire surplus is split evenly among the buyers when m > n and among the sellers when m

Keywords: core; market; experiment; fairness (search for similar items in EconPapers)
Date: 2008-03-28
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