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Starting from Schelling (1960), several game theorists have conjectured that payoff equity might facilitate … this line, we propose a selection principle called Equity (EQ), which selects the equilibrium in pure strategies minimizing …-subjects experimental design, furthermore, we study the relative performance of the equity principle in six simple 2x2 coordination games …
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Teams are becoming increasingly important in work settings. We develop a framework to study the strategic implications of a meritocratic notion of desert under which team members care about receiving what they feel they deserve. Team members find it painful to receive less than their perceived...
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