Truncated Leximin solutions
This paper shows that three classic properties for bargaining solutions in an environment with a variable number of agents–Anonymity (AN), Individual Monotonicity (IM), and Consistency (CONS)–characterize a one-parameter family of Truncated Leximin solutions. Given a non-negative and possibly infinite α, an α-Truncated Leximin solution gives each agent the minimum of α and their Leximin solution payoff.
Volume (Year): 83 (2016)
Issue (Month): C ()
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- Thomson,William & Lensberg,Terje, 2006.
"Axiomatic Theory of Bargaining with a Variable Number of Agents,"
Cambridge University Press, number 9780521027038, December.
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- Li, Duozhe, 2007. "Bargaining with history-dependent preferences," Journal of Economic Theory, Elsevier, vol. 136(1), pages 695-708, September.
- Lensberg, Terje, 1988. "Stability and the Nash solution," Journal of Economic Theory, Elsevier, vol. 45(2), pages 330-341, August. Full references (including those not matched with items on IDEAS)
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