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patient bargainers that exhibit similar degrees of inequality aversion. Inequality-averse bargainers may perceive envy if … of their degree of envy. If guilt is weak, then the agreed split is tilted away from the Rubinstein division towards a … more unequal split. Envy and weak guilt have opposite effects on the bargaining outcome, and envy has a greater marginal …
Persistent link: https://www.econbiz.de/10011108663
Bargainers in an open-ended alternating-offer bargaining situation may perceive envy, a utility loss caused by … still reach agreement in the first period and their bargaining shares increase in the strength of their own envy. As both … bargainers' envy diminishes, the agreed partition converges to the Rubinstein division. If equally patient bargaining parties …
Persistent link: https://www.econbiz.de/10011112839
Persistent link: https://www.econbiz.de/10013206049
I develop an assignment model of occupations with multidimensional heterogeneity in production tasks and worker skills … marginal product of workers, the substitutability between worker types, and the labor share depend on the assignment of tasks …
Persistent link: https://www.econbiz.de/10014496750
A model is presented where workers of differing abilities and from different social backgrounds are assigned to jobs based on grades received at school. It is examined how this matching is affected if good grades are granted to some low ability students. Such grade inflation is shown to reduce...
Persistent link: https://www.econbiz.de/10010298081
We allocate objects to agents as exemplified primarily by school choice. Welfare judgments of the object-allocating agency are encoded as edge weights in the acceptability graph. The welfare of an allocation is the sum of its edge weights. We introduce the constrained welfare-maximizing...
Persistent link: https://www.econbiz.de/10012290319
In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate...
Persistent link: https://www.econbiz.de/10010289996
In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate...
Persistent link: https://www.econbiz.de/10011128040
Lloyd Shapley is considered one of the pioneers of game theory. His most prominent contributions are the inception and study of value theory and core theory. These two theories are the key to solving problems involving the allocation of goods or payoffs achievable through cooperation....
Persistent link: https://www.econbiz.de/10011141073
In the context of the Beckerian theory of marriage, where men and women match on a single-dimensional index that is the weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate...
Persistent link: https://www.econbiz.de/10011098297