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Bargaining, conditional consistency, and weighted lexicographic Kalai-Smorodinsky Solutions

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  • Bram Driesen

    (University of Glasgow, Adam Smith Business School)

Abstract

We reconsider the class of weighted Kalai-Smorodinsky solutions of Dubra (Econ Lett 73:131–136, 2001), and using methods of Imai (Econometrica 51:389–401, 1983), extend their characterization to the domain of multilateral bargaining problems. Aside from standard axioms in the literature, this result involves a new property that weakens the axiom Bilateral Consistency (Lensberg, J Econ Theory 45:330–341, 1988), by making the notion of consistency dependent on how ideal values in a reduced problem change relative to the original problem.

Suggested Citation

  • Bram Driesen, 2016. "Bargaining, conditional consistency, and weighted lexicographic Kalai-Smorodinsky Solutions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(4), pages 777-809, April.
    • Handle: RePEc:spr:sochwe:v:46:y:2016:i:4:d:10.1007_s00355-015-0936-x
    DOI: 10.1007/s00355-015-0936-x
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