Proportional Concessions and the Leximin Solution
AbstractIn this note we introduce a new axiom for bargaining solutions, named Proportional Concession Monotonicity (PCM), which imposes that no player benefits when all players collectively make proportional concessions with respect to their respective utopia values. We reconsider the leximin solution (Imai, 1983), and obtain an alternative characterization on the basis of PCM.
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Bibliographic InfoPaper provided by Óbuda University, Keleti Faculty of Business and Management in its series Working Paper Series with number 1106.
Length: 9 pages
Date of creation: 2011
Date of revision:
Other versions of this item:
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-10-15 (All new papers)
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