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:
- Ismail Saglam, 2012. "Endogenously Proportional Bargaining Solutions," KoÃ§ University-TUSIAD Economic Research Forum Working Papers 1232, Koc University-TUSIAD Economic Research Forum.
- Saglam, Ismail, 2012. "Endogenously Proportional Bargaining Solutions," MPRA Paper 42386, University Library of Munich, Germany.
- C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
- D7 - Microeconomics - - Analysis of Collective Decision-Making
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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MSAP Working Paper Series
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