Nonconvex n-Person Bargaining: Efficient Maxmin Solutions
AbstractThis paper provides an axiomatic characterization of a family of so-called efficient maxmin solutions which can be seen as generalizations of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems. Moreover, it is shown that even though there are several efficient maxmin solutions for some bargaining problems, there is typically a unique efficient maxmin solution.
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Bibliographic InfoPaper provided by University of Copenhagen. Department of Economics in its series Discussion Papers with number 98-20.
Length: 18 pages
Date of creation: Dec 1998
Date of revision:
Publication status: Published in: Economic Theory 21(1) 2003, 81-95
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nonconvex n-person bargaining; Kalai-Smorodinsky solution; efficient Maxmin solution;
Other versions of this item:
- Jens Leth Hougaard & Mich Tvede, 2003. "Nonconvex n-person bargaining: efficient maxmin solutions," Economic Theory, Springer, vol. 21(1), pages 81-95, 01.
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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- Jens Leth Hougaard & Mich Tvede, 2010.
"n-Person Nonconvex Bargaining: Efficient Proportional Solution,"
10-21, University of Copenhagen. Department of Economics.
- Jens Leth Hougaard & Mich Tvede, 2010. "n-Person Nonconvex Bargaining: Efficient Proportional Solutions," MSAP Working Paper Series 02_2010, University of Copenhagen, Department of Food and Resource Economics.
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