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Axiomatic bargaining theory: New wine from old bottles

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  • Karos, Dominik
  • Rachmilevitch, Shiran

Abstract

Five classical and uncontroversial axioms—symmetry, weak Pareto optimality, restricted monotonicity, midpoint domination, and superadditivity—characterize a bargaining solution. It assigns to each player their midpoint, that is, the n-th share of their utopia point, and equally divides what remains.

Suggested Citation

  • Karos, Dominik & Rachmilevitch, Shiran, 2025. "Axiomatic bargaining theory: New wine from old bottles," Games and Economic Behavior, Elsevier, vol. 149(C), pages 112-117.
    • Handle: RePEc:eee:gamebe:v:149:y:2025:i:c:p:112-117
    DOI: 10.1016/j.geb.2024.11.009
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    References listed on IDEAS

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    1. Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
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    5. Thomson, William, 1994. "Cooperative models of bargaining," Handbook of Game Theory with Economic Applications, in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 35, pages 1237-1284, Elsevier.
    6. Diskin, A. & Koppel, M. & Samet, D., 2011. "Generalized Raiffa solutions," Games and Economic Behavior, Elsevier, vol. 73(2), pages 452-458.
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