Advanced Search
MyIDEAS: Login to save this paper or follow this series

A Concessions-Based Mechanism for Meta-Bargaining Problems

Contents:

Author Info

  • Marco-Gil, Maria del Carmen

    ()
    (Universidad Politécnica de Cartagena, Department of Economics)

  • Peris, Josep E.

    ()
    (Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica)

  • Subiza, Begoña

    ()
    (Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica)

Abstract

In 1950, Nash's seminal paper introduced the axiomatic approach to the analysis of bargaining situations. Since then, many bargaining solutions have appeared and been axiomatically analyzed. The fact that agents, when face a bargaining problem, can come up with different solution concepts (that is, di§erent notions of fairness and equity) was first introduced by van Damme (1986) by means of the meta-bargaining model. In this paper we present and axiomatically analyze a mechanism for solving meta-bargaining problems, which we call Unanimous-Concession. As an example, we show that the Nash solution is the result of the meta-bargaining process we define, when agents have dual egalitarian criteria. Finally, we compare, from an axiomatic and descriptive point of view, our proposal with other meta-bargaining mechanisms.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://dmcte.ua.es/es/documentos/qmetwp1213.pdf
File Function: Full text
Download Restriction: no

Bibliographic Info

Paper provided by Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica in its series QM&ET Working Papers with number 12-13.

as in new window
Length: 20 pages
Date of creation: 24 Jul 2012
Date of revision:
Handle: RePEc:ris:qmetal:2012_013

Contact details of provider:
Postal: Campus San Vicente del Raspeig, Apdo. Correos 99 E-03080 Alicante
Phone: +34 965 90 36 70
Fax: +34 965 90 97 89
Email:
Web page: http://dmcte.ua.es/
More information through EDIRC

Related research

Keywords: bargaining problem; mechanism; meta-bargaining; axiomatic approach;

Find related papers by JEL classification:

This paper has been announced in the following NEP Reports:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
  2. Myerson, Roger B, 1977. "Two-Person Bargaining Problems and Comparable Utility," Econometrica, Econometric Society, vol. 45(7), pages 1631-37, October.
  3. Roth, Alvin E & Murnighan, J Keith, 1982. "The Role of Information in Bargaining: An Experimental Study," Econometrica, Econometric Society, vol. 50(5), pages 1123-42, September.
  4. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-30, October.
  5. Anbarci, Nejat & Yi, Gyoseob, 1992. "A meta-allocation mechanism in cooperative bargaining," Economics Letters, Elsevier, vol. 38(2), pages 175-179, February.
  6. Chun, Y. & Thomson, W., 1989. "Bargaining Problems With Claims," RCER Working Papers 189, University of Rochester - Center for Economic Research (RCER).
  7. Josep Enric Peris Ferrando & Begoña Subiza & María del Carmen Marco, 1995. "A Mechanism For Meta-Bargaining Problems," Working Papers. Serie AD 1995-20, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
  8. Naeve-Steinweg, E., 2004. "The averaging mechanism," Games and Economic Behavior, Elsevier, vol. 46(2), pages 410-424, February.
  9. Damme, Eric van, 1986. "The Nash bargaining solution is optimal," Journal of Economic Theory, Elsevier, vol. 38(1), pages 78-100, February.
  10. Walter Trockel, 2002. "A universal meta bargaining implementation of the Nash solution," Social Choice and Welfare, Springer, vol. 19(3), pages 581-586.
  11. Herrero, Carmen & Marco, Maria Carmen, 1993. "Rational equal-loss solutions for bargaining problems," Mathematical Social Sciences, Elsevier, vol. 26(3), pages 273-286, November.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:ris:qmetal:2012_013. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Julio Carmona).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.