Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims
AbstractWe provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another characterization theorem shows that the single-valuedness axiom is dispensable even within the class of nonconvex problems if the standard symmetry axiom is imposed.
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Bibliographic InfoPaper provided by Institute of Economic Research, Hitotsubashi University in its series Discussion Paper Series with number a501.
Length: 10,  p.
Date of creation: Jul 2008
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Note: June, 2008
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Bargaining problems; claims point; proportional solution; nonconvexity; solidarity axioms;
Other versions of this item:
- Lombardi, Michele & Yoshihara, Naoki, 2010. "Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims," Economics Letters, Elsevier, vol. 108(2), pages 229-232, August.
- Michele Lombardi & Naoki Yoshihara, 2008. "Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims," Working Papers 632, Queen Mary, University of London, School of Economics and Finance.
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
- D60 - Microeconomics - - Welfare Economics - - - General
- D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
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