Institut für Höhere Studien (IHS), Wien Institute for Advanced Studies, Vienna
Reihe Ökonomie / Economics Series No. 64
Inefficiency and Social Exclusion in a Coalition Formation Game
Experimental Evidence
Akira Okada, Arno Riedl
Inefficiency and Social Exclusion in a Coalition Formation Game
Experimental Evidence
Akira Okada, Arno Riedl
Reihe Ökonomie / Economics Series No. 64
April 1999
Akira Okada
Institute of Economic Research Kyoto University
Sakyo, Kyoto 606-(85)01, JAPAN
Arno Riedl CREED
Department of Economics and Econometrics University of Amsterdam
Roetersstraat 11, NL-1018 WB Amsterdam THE NETHERLANDS
Phone: ++31/20/525-4250 Fax: ++31/20/525-5283 E-mail: [email protected]
Institut für Höhere Studien (IHS), Wien
Institute for Advanced Studies, Vienna
The Institute for Advanced Studies in Vienna is an independent center of postgraduate training and research in the social sciences. The Economics Series presents research done at the Economics Department of the Institute for Advanced Studies. Department members, guests, visitors, and other researchers are invited to contribute and to submit manuscripts to the editors. All papers are subjected to an internal refereeing process.
Editorial Main Editor:
Robert M. Kunst (Econometrics) Associate Editors:
Walter Fisher (Macroeconomics)
Klaus Ritzberger (Microeconomics)
Abstract
This paper reports the results of experiments involving a 3-person coalition formation game with an ultimatum bargaining character. The grand coalition was always the efficient coalition decision, whereas the values of the 2-person coalitions are varied such that they lead to an efficiency loss in the range of 6.7 up to 30 percent. Furthermore, the 2-person coalition implies social exclusion, since the not chosen member always receives a payoff of zero. Consistent with results reported in the literature on 2-person ultimatum bargaining experiments, negative reciprocity (i.e. punishment of unfair offers) plays a crucial role in decision making. The hypothesis that selfishness and anticipated negative reciprocity by proposers together with actual negative reciprocal behavior of responders lead to inefficient outcomes and social exclusion is strongly supported by the data. It turns out that a huge majority of proposers choose the inefficient and unfair 2-person coalition. Proposer-induced efficiency losses vary between 5 and 20 percent, and one sixth to almost one third of the population is excluded from participation.
Keywords
Coalition formation, inefficiency, reciprocity, social exclusion
JEL Classifications
A13, C91, D61, D63
Comments
This paper is part of a research project on strategic bargaining and coalition formation financed by the Oesterreichische Nationalbank (Project number: 6933). It was also partially financed by CREST (Core Research for Evolutional Science and Technology) of Japan Science and Technology Corporation (JST), Asahi Glass Foundation, and the Oesterreichische Postsparkasse. We also thank the participants of the ESA 1998 meeting in Mannheim for their comments. A major part of the research was undertaken while the second author was at the Institute for Advanced Studies, Vienna.
The second author also thanks Jana Vyrastekova for invaluable research assistance.
Instructions and data set are available upon request.
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