The rationality of splitting equally
The rationality of splitting equally
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DOI:
10.1016/s0167-2681(96)00026-1
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发表时间:
1997-03-01
影响因子:
2.2
通讯作者:
Bolton, GE
中科院分区:
文献类型:
--
作者:
Bolton, GE
Conventional economic models seem unable to capture the propensity for 50-50 bargaining divisions observed in the lab. Experiments further suggest that something outside the usual set of economic parameters systematically influences bargaining settlements. I examine a simple bargaining model from a biological perspective. A limit evolutionarily stable strategy, FAIRMAN, makes 50-50 offers, punishes demands for more, and exploits demands for less. Fairman involves strategy perturbations resembling probes for concessions. When bargainers can use a signal to discriminate among partners, 50-50 is the unique limit evolutionarily stable outcome. The results suggest that some social conventions persist because they promote efficiency in an evolutionarily stable manner.