Seminar: "Fairness is flexible: A study of competing focal points" by Dr. Subrato Banerjee, Queensland University of Technology
While several allocation rules known in the cooperative bargaining literature, implicitly allow for various notions of fairness, there is no consensus about which notion of fairness exactly prevails in a given bargaining environment. We look at three broad classes of fairness concepts and provide useful insights about which fairness notion to expect in a given scenario. We generate a unique dataset through our experiment involving dialogue-based bargaining and show that the size of the divisible pie itself provides strong hints about which fairness solution to expect.
About the speaker:
Subrato Banerjee is a behavioral economist affiliated with the QUT (Queensland University of Technology) Business School and an honorary fellow at the Australia India Institute (AII, University of Melbourne). He teaches microeconomic theory and data analysis at the QUT, and his primary areas of research are behavioral and experimental economics.