Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims
AbstractThree alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims are provided. Two new contraction-type and expansion-type axioms are used. Moreover, the single-valuedness axiom is dispensable if the classical symmetry axiom is imposed.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 108 (2010)
Issue (Month): 2 (August)
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Web page: http://www.elsevier.com/locate/ecolet
Bargaining problems Claims point Proportional solution Nonconvexity Solidarity axioms;
Other versions of this item:
- Lombardi, Michele & Yoshihara, Naoki, 2008. "Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims," Discussion Paper Series a501, Institute of Economic Research, Hitotsubashi University.
- Michele Lombardi & Naoki Yoshihara, 2008. "Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims," Working Papers 632, Queen Mary, University of London, School of Economics and Finance.
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D60 - Microeconomics - - Welfare Economics - - - General
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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