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We argue that a social norm and the coordination of behavior within social groups can be expressed by a correlated equilibrium. Given a social group structure (a partition of individuals into social groups), we propose four conditions that one may expect of a correlated equilibrium consistent...
Persistent link: https://www.econbiz.de/10014164342
We develop a model with which to explore discrimination and prejudice within labor markets. Our approach emphasizes the role of an individual's own experience in the assessment of efforts of other individuals. Specifically, we consider a two stage process in which individuals first learn,...
Persistent link: https://www.econbiz.de/10012931195