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n-Person Nonconvex Bargaining: Efficient Proportional Solution

Author

Listed:
  • Jens Leth Hougaard

    (Department of Food and Resource Economics, University of Copenhagen)

  • Mich Tvede

    (Department of Economics, University of Copenhagen)

Abstract

For n-person bargaining problems the family of proportional solutions (introduced and characterized by Kalai) is generalized to bargaining problems with non-convex payoff sets. The so-called "efficient proportional solutions" are characterized axiomatically using natural extensions of the original axioms provided by Kalai.

Suggested Citation

  • Jens Leth Hougaard & Mich Tvede, 2010. "n-Person Nonconvex Bargaining: Efficient Proportional Solution," Discussion Papers 10-21, University of Copenhagen. Department of Economics.
    • Handle: RePEc:kud:kuiedp:1021
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    File URL: http://www.econ.ku.dk/english/research/publications/wp/dp_2010/1021.pdf/
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    Cited by:

    1. Ismail Saglam, 2013. "Endogenously proportional bargaining solutions," Economics Bulletin, AccessEcon, vol. 33(2), pages 1521-1534.
    2. Lozano, S. & Hinojosa, M.A. & Mármol, A.M., 2019. "Extending the bargaining approach to DEA target setting," Omega, Elsevier, vol. 85(C), pages 94-102.

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    Keywords

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    JEL classification:

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

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