Group fairness equilibria

Alejandro Tatsuo Moreno Okuno () and Alejandro Mosiño
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Alejandro Tatsuo Moreno Okuno: Universidad de Guanajuato, Departamento de Economia y Finanzas

EconoQuantum, Revista de Economia y Finanzas, 2020, vol. 17, issue 1, 29-46

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.

Keywords: Fairness; groups; psychological games; game theory. (search for similar items in EconPapers)
JEL-codes: A12 C70 D63 (search for similar items in EconPapers)
Date: 2020
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https://econoquantum.cucea.udg.mx/index.php/EQ/issue/view/697

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Persistent link: https://EconPapers.repec.org/RePEc:qua:journl:v:17:y:2020:i:1:p:29-46

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