Nonconvex n-person bargaining: efficient maxmin solutions
AbstractThis paper provides an axiomatic characterization of a family of so-called efficient maxmin solutions which can be seen as generalizations of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems. Moreover, it is shown that even though there are several efficient maxmin solutions for some bargaining problems, there is typically a unique efficient maxmin solution. Copyright Springer-Verlag Berlin Heidelberg 2003
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Bibliographic InfoArticle provided by Springer in its journal Economic Theory.
Volume (Year): 21 (2003)
Issue (Month): 1 (01)
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Other versions of this item:
- Jens Leth Hougaard & Mich Tvede, 1998. "Nonconvex n-Person Bargaining: Efficient Maxmin Solutions," Discussion Papers 98-20, University of Copenhagen. Department of Economics.
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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- Jens Leth Hougaard & Mich Tvede, 2010.
"n-Person Nonconvex Bargaining: Efficient Proportional Solution,"
10-21, University of Copenhagen. Department of Economics.
- 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.
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