Endogenously proportional bargaining solutions
AbstractThis paper introduces a class of endogenously proportional bargaining solutions. These solutions are inside the class of Directional solutions, which Chun and Thomson (1987) proposed to generalize (exogenously) proportional solutions of Kalai (1977). Endogenously proportional solutions are characterized by weak Pareto optimality and continuity together with two new axioms that depend on the total payoff asymmetry of the bargaining problem. Each of these solutions satisfies the basic symmetry axiom and also a stronger axiom called total payoff symmetry.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 33 (2013)
Issue (Month): 2 ()
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Cooperative bargaining; proportional solutions; symmetry;
Other versions of this item:
- Saglam, Ismail, 2012. "Endogenously Proportional Bargaining Solutions," MPRA Paper 42386, University Library of Munich, Germany.
- Ismail Saglam, 2012. "Endogenously Proportional Bargaining Solutions," KoÃ§ University-TUSIAD Economic Research Forum Working Papers 1232, Koc University-TUSIAD Economic Research Forum.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D7 - Microeconomics - - Analysis of Collective Decision-Making
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"Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons,"
179, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Jens Leth Hougaard & Mich Tvede, 2010.
"n-Person Nonconvex Bargaining: Efficient Proportional Solutions,"
MSAP Working Paper Series
02_2010, University of Copenhagen, Department of Food and Resource Economics.
- Jens Leth Hougaard & Mich Tvede, 2010. "n-Person Nonconvex Bargaining: Efficient Proportional Solution," Discussion Papers 10-21, University of Copenhagen. Department of Economics.
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