From Bargaining Solutions to Claims Rules: A Proportional Approach
AbstractIs it important to negotiate on proportions rather than on numbers? To answer this question, we analyze the behavior of well-known bargaining solutions and the claims rules they induce when they are applied to a "proportionally transformed" bargaining set SP so-called bargaining-in-proportions set. The idea of applying bargaining solutions to claims problems was already developed in Dagan and Volij (1993). They apply the bargaining solutions over a bargaining set that is the one de ned by the claims and the endowment. A comparison among our results and theirs is provided.
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Bibliographic InfoPaper provided by Universidad de Alicante, Departamento de Métodos Cuantitativos y Teoría Económica in its series QM&ET Working Papers with number 13-2.
Length: 21 pages
Date of creation: 27 May 2013
Date of revision:
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Bargaining problem; Claims problem; Proportional Constrained Equal Awards; Constrained Equal Losses; Nash bargaining solution;
Other versions of this item:
- Giménez-Gómez, José Manuel & Osório Costa, Antonio Miguel & Peris, Josep E., 2013. "From bargaining solutions to claims rules: a proportional approach," Working Papers 2072/212193, Universitat Rovira i Virgili, Department of Economics.
- C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
- D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
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