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Nonconvex n-person bargaining: efficient maxmin solutions

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Author Info
Jens Leth Hougaard
Mich Tvede

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Abstract

This 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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File URL: http://hdl.handle.net/10.1007/s00199-001-0246-7
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Publisher Info
Article provided by Springer in its journal Economic Theory.

Volume (Year): 21 (2003)
Issue (Month): 1 (01)
Pages: 81-95
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Handle: RePEc:spr:joecth:v:21:y:2003:i:1:p:81-95

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Related research
Keywords: Keywords and Phrases: Nonconvex n-person bargaining; Kalai-Smorodinsky solution; Efficient maxmin solutions.; JEL Classification Numbers: C78.;

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