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Two support results for the Kalai-Smorodinsky solution in small object division markets

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  • Haake, Claus-Jochen

    (Center for Mathematical Economics, Bielefeld University)

Abstract

We discuss two support results for the Kalai-Smorodinsky bargaining solution in the context of an object division problem involving two agents. Allocations of objects resulting from strategic interaction are obtained as a demand vector in a specific market. For the first support result games in strategic form are derived that exhibit a unique Nash equilibrium. The second result uses subgame perfect equlibria of a game in extensive form. Although there may be multiple equilibria, coordination problems can be removed.

Suggested Citation

  • Haake, Claus-Jochen, 2011. "Two support results for the Kalai-Smorodinsky solution in small object division markets," Center for Mathematical Economics Working Papers 366, Center for Mathematical Economics, Bielefeld University.
  • Handle: RePEc:bie:wpaper:366
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    File URL: https://pub.uni-bielefeld.de/download/2315428/2319788
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    References listed on IDEAS

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    1. Serrano, Roberto, 1997. "A comment on the Nash program and the theory of implementation," Economics Letters, Elsevier, vol. 55(2), pages 203-208, August.
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    6. Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-518, May.
    7. Claus-Jochen Haake & Walter Trockel, 2010. "On Maskin monotonicity of solution based social choice rules," Review of Economic Design, Springer;Society for Economic Design, vol. 14(1), pages 17-25, March.
    8. Bergin, James & Duggan, John, 1999. "An Implementation-Theoretic Approach to Non-cooperative Foundations," Journal of Economic Theory, Elsevier, vol. 86(1), pages 50-76, May.
    9. Rosenm├╝ller, Joachim & Trockel, Walter, 2017. "Game theory," Center for Mathematical Economics Working Papers 321, Center for Mathematical Economics, Bielefeld University.
    10. Miyagawa, Eiichi, 2002. "Subgame-perfect implementation of bargaining solutions," Games and Economic Behavior, Elsevier, vol. 41(2), pages 292-308, November.
    11. Walter Trockel, 2000. "Implementations of the Nash solution based on its Walrasian characterization," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 16(2), pages 277-294.
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