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Endogenous reference points and the adjusted proportional solution for bargaining problems with claims

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  • Carmen Herrero

    (Departamento de Fundamentos del AnÂlisis EconÕmico and IVIE, Universidad de Alicante, E-03071 Alicante, Spain)

Abstract

A modification of the proportional solution for bargaining problems with claims is proposed. This solution is constructed by considering an endogenous reference point. Characterization results of the aforementioned solution are provided.

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Article provided by Springer in its journal Social Choice and Welfare.

Volume (Year): 15 (1997)
Issue (Month): 1 ()
Pages: 113-119

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Handle: RePEc:spr:sochwe:v:15:y:1997:i:1:p:113-119

Note: Received: 22 December 1993/Accepted: 12 August 1996
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References

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  1. Bossert, Walter, 1992. "Monotonic solutions for bargaining problems with claims," Economics Letters, Elsevier, vol. 39(4), pages 395-399, August.
  2. Robert W. Rosenthal, 1975. "An Arbitration Model for Normal-Form Games," Discussion Papers 121, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
  3. Chun, Youngsub & Thomson, William, 1992. "Bargaining problems with claims," Mathematical Social Sciences, Elsevier, vol. 24(1), pages 19-33, August.
  4. Thomson, William, 1981. "A class of solutions to bargaining problems," Journal of Economic Theory, Elsevier, vol. 25(3), pages 431-441, December.
  5. Roth, Alvin E., 1977. "Independence of irrelevant alternatives, and solutions to Nash's bargaining problem," Journal of Economic Theory, Elsevier, vol. 16(2), pages 247-251, December.
  6. Nir Dagan & Oscar Volij, 1993. "The Bankruptcy Problem: a Cooperative Bargaining Approach," Economic theory and game theory 001, Nir Dagan.
  7. Herrero, Carmen & Villar, Antonio, 1991. "Vector mappings with diagonal images," Mathematical Social Sciences, Elsevier, vol. 22(1), pages 57-67, August.
  8. Bossert, Walter, 1993. "An alternative solution to bargaining problems with claims," Mathematical Social Sciences, Elsevier, vol. 25(3), pages 205-220, May.
  9. Rubinstein, Ariel & Safra, Zvi & Thomson, William, 1992. "On the Interpretation of the Nash Bargaining Solution and Its Extension to Non-expected Utility Preferences," Econometrica, Econometric Society, vol. 60(5), pages 1171-86, September.
  10. Marhuenda, F, 1995. "Distribution of Income and Aggregation of Demand," Econometrica, Econometric Society, vol. 63(3), pages 647-66, May.
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Cited by:
  1. Carmen Herrero, 2000. "The Three Musketeers. Old Solutions to Bankruptcy Problems," Econometric Society World Congress 2000 Contributed Papers 0609, Econometric Society.
  2. Lange, Andreas & Löschel, Andreas & Vogt, Carsten & Ziegler, Andreas, 2010. "On the self-interested use of equity in international climate negotiations," European Economic Review, Elsevier, vol. 54(3), pages 359-375, April.
  3. Carmen Herrero & Antonio Villar, 2009. "The Rights-Egalitarian Solution for NTU Sharing Problems," Working Papers 09.01, Universidad Pablo de Olavide, Department of Economics.
  4. Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
  5. Marco Mariotti, 2003. "Even Allocations For Generalised Rationing Problems," Working Papers. Serie AD 2003-10, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  6. Marina Núñez & Carles Rafels, 2004. "Bargained stable allocations in assignment markets," Working Papers 153, Barcelona Graduate School of Economics.

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