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Generalized Raiffa solutions

Author

Listed:
  • Diskin, A.
  • Koppel, M.
  • Samet, D.

Abstract

We define a family of solutions for n-person bargaining problems which generalizes the discrete Raiffa solution and approaches the continuous Raiffa solution. Each member of this family is a stepwise solution, which is a pair of functions: a step-function that determines a new disagreement point for a given bargaining problem, and a solution function that assigns the solution to the problem. We axiomatically characterize stepwise solutions of the family of generalized Raiffa solutions, using standard axioms of bargaining theory.

Suggested Citation

  • Diskin, A. & Koppel, M. & Samet, D., 2011. "Generalized Raiffa solutions," Games and Economic Behavior, Elsevier, vol. 73(2), pages 452-458.
  • Handle: RePEc:eee:gamebe:v:73:y:2011:i:2:p:452-458
    DOI: 10.1016/j.geb.2011.04.002
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    References listed on IDEAS

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    1. O'Neill, Barry & Samet, Dov & Wiener, Zvi & Winter, Eyal, 2004. "Bargaining with an agenda," Games and Economic Behavior, Elsevier, vol. 48(1), pages 139-153, July.
    2. Salonen, Hannu, 1988. "Decomposable solutions for N -- person bargaining games," European Journal of Political Economy, Elsevier, vol. 4(3), pages 333-347.
    3. Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
    4. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-1630, October.
    5. Hans Peters & Eric Van Damme, 1991. "Characterizing the Nash and Raiffa Bargaining Solutions by Disagreement Point Axioms," Mathematics of Operations Research, INFORMS, vol. 16(3), pages 447-461, August.
    6. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
    7. Trockel, Walter, 2011. "An exact non-cooperative support for the sequential Raiffa solution," Journal of Mathematical Economics, Elsevier, vol. 47(1), pages 77-83, January.
    8. Thomson, William, 1987. "Monotonicity of bargaining solutions with respect to the disagreement point," Journal of Economic Theory, Elsevier, vol. 42(1), pages 50-58, June.
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    Citations

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    Cited by:

    1. Emily Tanimura & Sylvie Thoron, 2016. "How Best to Disagree in Order to Agree?," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 18(03), pages 1-17, September.
    2. Anbarci, Nejat & Sun, Ching-jen, 2013. "Robustness of intermediate agreements and bargaining solutions," Games and Economic Behavior, Elsevier, vol. 77(1), pages 367-376.
    3. repec:spr:etbull:v:3:y:2015:i:1:d:10.1007_s40505-014-0046-4 is not listed on IDEAS
    4. repec:spr:jogath:v:46:y:2017:i:4:d:10.1007_s00182-017-0567-9 is not listed on IDEAS

    More about this item

    Keywords

    Nash bargaining problem; Raiffa solution;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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