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Extension of the Perles-Maschler Solution to N-Person Bargaining Games

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Author Info
Calvo, Emilio
Gutierrez, Esther

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Abstract

The superadditive solution for 2-person Nash bargaining games was axiomatically defined in Perles/Maschler (1981). In Perles (1982) it was shown that the axioms are incompatible even for 3-person bargaining games. In this paper we offer a generalization method of this solution concept for n-person games. In this method, the Kalai-Smorodinsky solution (1975) is revealed as the rule followed to determine the movements along the path of intermediate agreements.

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Publisher Info
Article provided by Springer in its journal International Journal of Game Theory.

Volume (Year): 23 (1994)
Issue (Month): 4 ()
Pages: 325-46
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Handle: RePEc:spr:jogath:v:23:y:1994:i:4:p:325-46

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  1. Joachim Rosenmüller, 2004. "The Maschler-Perles Solution: 2 Simple Proofs for Superadditivity," Economics Bulletin, Economics Bulletin, vol. 3(35), pages 1-8. [Downloadable!]
  2. Joachim Rosenmüller, 2007. "A value for Cephoidal NTU games," Working Papers 388, Bielefeld University, Institute of Mathematical Economics. [Downloadable!]
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