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Generalized Raiffa solutions

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Author Info

  • Diskin, A.
  • Koppel, M.
  • Samet, D.

Abstract

We 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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File URL: http://www.sciencedirect.com/science/article/pii/S0899825611000704
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Bibliographic Info

Article provided by Elsevier in its journal Games and Economic Behavior.

Volume (Year): 73 (2011)
Issue (Month): 2 ()
Pages: 452-458

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Handle: RePEc:eee:gamebe:v:73:y:2011:i:2:p:452-458

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Web page: http://www.elsevier.com/locate/inca/622836

Related research

Keywords: Nash bargaining problem; Raiffa solution;

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Cited by:
  1. Nejat Anbarci & Ching-jen Sun, 2009. "Robustness of Intermediate Agreements and Bargaining Solutions," Economics Series 2009_14, Deakin University, Faculty of Business and Law, School of Accounting, Economics and Finance.

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