Generalized Raiffa solutions
AbstractWe define a family of solutions for n-person bargaining problems which generalizes the discrete Raiffa solution and approaches the continuous Raiffa solution. Each member of this family is a stepwise solution, which is a pair of functions: a step-function that determines a new disagreement point for a given bargaining problem, and a solution function that assigns the solution to the problem. We axiomatically characterize stepwise solutions of the family of generalized Raiffa solutions, using standard axioms of bargaining theory.
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Bibliographic InfoArticle provided by Elsevier in its journal Games and Economic Behavior.
Volume (Year): 73 (2011)
Issue (Month): 2 ()
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Web page: http://www.elsevier.com/locate/inca/622836
Nash bargaining problem; Raiffa solution;
Find related papers by JEL classification:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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- Nejat Anbarci & Ching-jen Sun, 2009.
"Robustness of Intermediate Agreements and Bargaining Solutions,"
2009_14, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
- Anbarci, Nejat & Sun, Ching-jen, 2013. "Robustness of intermediate agreements and bargaining solutions," Games and Economic Behavior, Elsevier, vol. 77(1), pages 367-376.
- Nejat Anbarci & Ching-jen Sun, 2012. "Robustness of Intermediate Agreements and Bargaining Solutions," Economics Series 2012_7, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.
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