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Two Impossibility Results on the Converse Consistency Principle in Bargaining

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  • Youngsub Chun

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    Abstract

    We present two impossibility results on the converse consistency principle in the context of bargaining. First, we show that there is no solution satis-fying Pareto optimality, contraction independence, and converse consistency. Next, we show that there is no solution satisfying Pareto optimality, strong individual rationality, individual monotonicity, and converse consistency.

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    Bibliographic Info

    Paper provided by Institute of Economic Research, Seoul National University in its series Working Paper Series with number no24.

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    Date of creation: Oct 1999
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    Handle: RePEc:snu:ioerwp:no24

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    Keywords: bargaining problem; axiomatic approach; impossibilities; converse consistency;

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    Cited by:
    1. Youngsub Chun, 2001. "The Separability Principle in Bargaining," Working Paper Series no43, Institute of Economic Research, Seoul National University.

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