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Two Impossibility Results on the Converse Consistency Principle in Bargaining

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Author Info
Youngsub Chun ()
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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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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Related research
Keywords: bargaining problem; axiomatic approach; impossibilities; converse consistency;

Find related papers by JEL classification:
C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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  1. Youngsub Chun, 2001. "The Separability Principle in Bargaining," Working Paper Series no43, Institute of Economic Research, Seoul National University. [Downloadable!]
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