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A Meaningful Two-Person Bargaining Solution Based on Ordinal Preferences

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Abstract

In this note I argue that the traditional argument proving the non-existence of two-person ordinal bargaining solutions is misleading, and also provide an example of such a solution.
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Suggested Citation

  • Jozsef Sakovics, 2004. "A Meaningful Two-Person Bargaining Solution Based on Ordinal Preferences," Edinburgh School of Economics Discussion Paper Series 98, Edinburgh School of Economics, University of Edinburgh.
    • Handle: RePEc:edn:esedps:98
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    File URL: http://www.econ.ed.ac.uk/papers/id98_esedps.pdf
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    References listed on IDEAS

    as
    1. Safra, Zvi & Samet, Dov, 2004. "An ordinal solution to bargaining problems with many players," Games and Economic Behavior, Elsevier, vol. 46(1), pages 129-142, January.
    2. Joan Esteban & József Sákovics, 2002. "Endogenous bargaining power," Economics Working Papers 644, Department of Economics and Business, Universitat Pompeu Fabra.
    3. Nejat Anbarci, 1993. "Noncooperative Foundations of the Area Monotonic Solution," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 108(1), pages 245-258.
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    Cited by:

    1. Joan Esteban & József Sákovics, 2008. "A Theory of Agreements in the Shadow of Conflict: The Genesis of Bargaining Power," Theory and Decision, Springer, vol. 65(3), pages 227-252, November.
    2. Joan-Maria Esteban & József Sákovics, 2005. "A Theory of Agreements in the Shadow of Conflict," Working Papers 255, Barcelona School of Economics.
    3. John Conley & Simon Wilkie, 2012. "The ordinal egalitarian bargaining solution for finite choice sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(1), pages 23-42, January.

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    More about this item

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory

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