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Bargaining Multiple Issues with Leximin Preferences

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Global bargaining problems over a finite number of different issues, are formalized as cartesian products of classical bargaining problems. For maximin and leximin bargainers we characterize global bargaining solutions that are efficient and satisfy the requirement that bargaining separately or globally leads to equivalent outcomes. Global solutions in this class are constructed from the family of monotone path solutions for classical bargaining problems.

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Paper provided by Centro de Estudios Andaluces in its series Economic Working Papers at Centro de Estudios Andaluces with number E2006/05.

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Length: 16 pages
Date of creation: 2006
Date of revision:
Handle: RePEc:cea:doctra:e2006_05

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Keywords: Global bargaining; maximin preferences; leximin preferences;

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  1. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-30, October.
  2. Peters, Hans J M, 1986. "Simultaneity of Issues and Additivity in Bargaining," Econometrica, Econometric Society, vol. 54(1), pages 153-69, January.
  3. Walter Bossert & Hans Peters, . "Minimax Regret and Efficient Bargaining under Uncertainty," Discussion Papers 98/8, University of Nottingham, School of Economics.
  4. Walter Bossert & Hans Peters, . "Multi-Attribute Decision-Making in Individual and Social, Choice," Discussion Papers 98/7, University of Nottingham, School of Economics.
  5. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  6. Thomson, W., 1989. "Cooperative Models Of Bargaining," RCER Working Papers 177, University of Rochester - Center for Economic Research (RCER).
  7. Bossert, Walter & Nosal, Ed & Sadanand, Venkatraman, 1996. "Bargaining under Uncertainty and the Monotone Path Solutions," Games and Economic Behavior, Elsevier, vol. 14(2), pages 173-189, June.
  8. Moulin,Hervi, 1991. "Axioms of Cooperative Decision Making," Cambridge Books, Cambridge University Press, number 9780521424585, October.
  9. Clara Ponsati & Joel Watson, 1998. "Multiple-Issue Bargaining and Axiomatic Solutions," International Journal of Game Theory, Springer, vol. 26(4), pages 501-524.
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