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Bargaining Multiple Issues with Leximin Preferences

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Abstract

Global bargaining problems over a finite number of different issues, are formalized as cartesian products of classical bargaining problems. For maximin and leximin bargainers we characterize global bargaining solutions that are efficient and satisfy the requirement that bargaining separately or globally leads to equivalent outcomes. Global solutions in this class are constructed from the family of monotone path solutions for classical bargaining problems.

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  • Amparo M. Mármol Conde & Clara Ponsatí Obiols, 2006. "Bargaining Multiple Issues with Leximin Preferences," Economic Working Papers at Centro de Estudios Andaluces E2006/05, Centro de Estudios Andaluces.
    • Handle: RePEc:cea:doctra:e2006_05
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    File URL: http://www.centrodeestudiosandaluces.info/PDFS/E200605.pdf
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    References listed on IDEAS

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    6. Bossert, Walter & Nosal, Ed & Sadanand, Venkatraman, 1996. "Bargaining under Uncertainty and the Monotone Path Solutions," Games and Economic Behavior, Elsevier, vol. 14(2), pages 173-189, June.
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    More about this item

    Keywords

    Global bargaining; maximin preferences; leximin preferences;
    All these keywords.

    JEL classification:

    • C7 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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