The rights egalitarian solution for NTU sharing problems
The purpose of this paper is to extend the Rights Egalitarian solution (Herrero, Maschler & Villar, 1999) to the context of non-transferable utility sharing problems. Such an extension is not unique. Depending on the kind of properties we want to preserve we obtain two different generalizations. One is the "proportional solution", that corresponds to the Kalai-Smorodinsky solution for surplus sharing problems and the solution in Herrero (1998) for rationing problems. The other is the "Nash solution” that corresponds to the standard Nash bargaining solution for surplus sharing problems and the Nash rationing solution (Mariotti & Villar (2005) for the case of rationing problems.
(This abstract was borrowed from another version of this item.)
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Volume (Year): 39 (2010)
Issue (Month): 1 (March)
|Contact details of provider:|| Web page: http://link.springer.de/link/service/journals/00182/index.htm|
|Order Information:||Web: http://link.springer.de/orders.htm|
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Hart, Sergiu & Mas-Colell, Andreu, 1989. "Potential, Value, and Consistency," Econometrica, Econometric Society, vol. 57(3), pages 589-614, May.
- Borm, Peter, et al, 1992.
"The Compromise Value for NTU-Games,"
International Journal of Game Theory,
Springer, vol. 21(2), pages 175-89.
- Borm, P.E.M. & Keiding, H. & McLean, R.P. & Oortwijn, S. & Tijs, S.H., 1992. "The compromise value for NTU-games," Discussion Paper 1992-18, Tilburg University, Center for Economic Research.
- Borm, P. & Keiding, H. & McLean, R.P., 1992. "The Compromise Value for NTU-Games," Papers 9218, Tilburg - Center for Economic Research.
- Moulin, Herve, 2002.
"Axiomatic cost and surplus sharing,"
Handbook of Social Choice and Welfare,
in: K. J. Arrow & A. K. Sen & K. Suzumura (ed.), Handbook of Social Choice and Welfare, edition 1, volume 1, chapter 6, pages 289-357
- Carmen Herrero, 1997.
"Endogenous reference points and the adjusted proportional solution for bargaining problems with claims,"
Social Choice and Welfare,
Springer, vol. 15(1), pages 113-119.
- Carmen Herrero Blanco, 1993. "Endogenous Reference Points And The Adjusted Proportional Solution For Bargaining Problems With Claims," Working Papers. Serie AD 1993-13, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Antonio Villar Notario & Carmen Herrero Blanco & Michael Maschler, 1996.
"Individual rights and collective responsibility: The rights-egalitarian solution,"
Working Papers. Serie AD
1996-04, Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie).
- Herrero, Carmen & Maschler, Michael & Villar, Antonio, 1999. "Individual rights and collective responsibility: the rights-egalitarian solution," Mathematical Social Sciences, Elsevier, vol. 37(1), pages 59-77, January.
- Sergiu Hart, 2004.
"A comparison of non-transferable utility values,"
Theory and Decision,
Springer, vol. 56(1), pages 35-46, April.
- Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-18, May.
- Thomson, William, 2003. "Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey," Mathematical Social Sciences, Elsevier, vol. 45(3), pages 249-297, July.
- Maschler, M & Owen, G, 1989. "The Consistent Shapley Value for Hyperplane Games," International Journal of Game Theory, Springer, vol. 18(4), pages 389-407.
- Marco Mariotti & Antonio Villar, 2005. "The Nash rationing problem," International Journal of Game Theory, Springer, vol. 33(3), pages 367-377, 09.
- Sergiu Hart & Andreu Mas-Colell, 1994.
"Bargaining and value,"
Economics Working Papers
114, Department of Economics and Business, Universitat Pompeu Fabra, revised Feb 1995.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Sergiu Hart, 2005.
"An axiomatization of the consistent non-transferable utility value,"
International Journal of Game Theory,
Springer, vol. 33(3), pages 355-366, 09.
- Sergiu Hart, 2003. "An Axiomatization of the Consistent Non-Transferable Utility Value," Discussion Paper Series dp337, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
- Chun, Y. & Thomson, W., 1989.
"Bargaining Problems With Claims,"
RCER Working Papers
189, University of Rochester - Center for Economic Research (RCER).
When requesting a correction, please mention this item's handle: RePEc:spr:jogath:v:39:y:2010:i:1:p:137-150. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sonal Shukla)or (Christopher F Baum)
If references are entirely missing, you can add them using this form.