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A Criterion for Comparing Strength of Preference with an Application to Bargaining

Author

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  • Hans Peters

    (University of Limburg, Maastricht, The Netherlands)

Abstract

A criterion called “improving faster than” is proposed and characterized to compare the strength or preference of value functions. The result can be applied in decision models where no risk is involved or, at least, explicitly modeled. A bargaining theory example illustrates the criterion.

Suggested Citation

  • Hans Peters, 1992. "A Criterion for Comparing Strength of Preference with an Application to Bargaining," Operations Research, INFORMS, vol. 40(5), pages 1018-1022, October.
  • Handle: RePEc:inm:oropre:v:40:y:1992:i:5:p:1018-1022
    DOI: 10.1287/opre.40.5.1018
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    Citations

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    Cited by:

    1. Driesen, Bram & Lombardi, Michele & Peters, Hans, 2016. "Feasible sets, comparative risk aversion, and comparative uncertainty aversion in bargaining," Journal of Mathematical Economics, Elsevier, vol. 67(C), pages 162-170.
    2. Maria Gallego, David Scoones, 2005. "The Art of Compromise," Working Papers eg0042, Wilfrid Laurier University, Department of Economics, revised 2005.
    3. Kobberling, Veronika & Peters, Hans, 2003. "The effect of decision weights in bargaining problems," Journal of Economic Theory, Elsevier, vol. 110(1), pages 154-175, May.
    4. Cressman, Ross & Gallego, Maria, 2009. "On the ranking of bilateral bargaining opponents," Mathematical Social Sciences, Elsevier, vol. 58(1), pages 64-83, July.

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