Endogenously proportional bargaining solutions
This paper introduces a class of endogenously proportional bargaining solutions. These solutions are inside the class of Directional solutions, which Chun and Thomson (1987) proposed to generalize (exogenously) proportional solutions of Kalai (1977). Endogenously proportional solutions are characterized by weak Pareto optimality and continuity together with two new axioms that depend on the total payoff asymmetry of the bargaining problem. Each of these solutions satisfies the basic symmetry axiom and also a stronger axiom called total payoff symmetry.
Volume (Year): 33 (2013)
Issue (Month): 2 ()
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- Ehud Kalai, 1977.
"Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons,"
179, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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- Jens Leth Hougaard & Mich Tvede, 2010.
"n-Person Nonconvex Bargaining: Efficient Proportional Solutions,"
MSAP Working Paper Series
02_2010, University of Copenhagen, Department of Food and Resource Economics.
- Jens Leth Hougaard & Mich Tvede, 2010. "n-Person Nonconvex Bargaining: Efficient Proportional Solution," Discussion Papers 10-21, University of Copenhagen. Department of Economics.
- Peters, Hans J M, 1986. "Simultaneity of Issues and Additivity in Bargaining," Econometrica, Econometric Society, vol. 54(1), pages 153-69, January.
- Chun, Youngsub & Thomson, William, 1990. "Bargaining with Uncertain Disagreement Points," Econometrica, Econometric Society, vol. 58(4), pages 951-59, July.
- Rubinstein, Ariel & Safra, Zvi & Thomson, William, 1992. "On the Interpretation of the Nash Bargaining Solution and Its Extension to Non-expected Utility Preferences," Econometrica, Econometric Society, vol. 60(5), pages 1171-86, September.
- Chun, Youngsub & Thomson, William, 1990. "Egalitarian solutions and uncertain disagreement points," Economics Letters, Elsevier, vol. 33(1), pages 29-33, May.
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