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Dynamics and axiomatics of the equal area bargaining solution

Author

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  • Emilio Calvo

    (Departamento de Analisis Economico, Campus dels Tarongers, Avinguda dels Tarongers s/n, Edificio Departamental Oriental, 46011 Valencia, Spain Department of Quantitative Economics, University of Maastricht, 6200 MD Maastricht, The Netherlands)

  • Hans Peters

    (Departamento de Analisis Economico, Campus dels Tarongers, Avinguda dels Tarongers s/n, Edificio Departamental Oriental, 46011 Valencia, Spain Department of Quantitative Economics, University of Maastricht, 6200 MD Maastricht, The Netherlands)

Abstract

We present an alternative formulation of the two-person equal area bargaining solution based on a dynamical process describing the disagreement point set. This alternative formulation provides an interpretation of the idea of equal concessions. Furthermore, it leads to an axiomatic characterization of the solution.

Suggested Citation

  • Emilio Calvo & Hans Peters, 2000. "Dynamics and axiomatics of the equal area bargaining solution," International Journal of Game Theory, Springer;Game Theory Society, vol. 29(1), pages 81-92.
    • Handle: RePEc:spr:jogath:v:29:y:2000:i:1:p:81-92
    Note: Received: November 1998/Revised version: September 1999
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    Cited by:

    1. González-Díaz, Julio & Sánchez-Rodríguez, Estela, 2009. "Towards an axiomatization of the core-center," European Journal of Operational Research, Elsevier, vol. 195(2), pages 449-459, June.
    2. Forgo, F. & Szidarovszky, F., 2003. "On the relation between the Nash bargaining solution and the weighting method," European Journal of Operational Research, Elsevier, vol. 147(1), pages 108-116, May.

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