Nonconvex n-Person Bargaining: Efficient Maxmin Solutions
This paper provides an axiomatic characterization of a family of so-called efficient maxmin solutions which can be seen as generalizations of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems. Moreover, it is shown that even though there are several efficient maxmin solutions for some bargaining problems, there is typically a unique efficient maxmin solution.
|Date of creation:||Dec 1998|
|Date of revision:|
|Publication status:||Published in: Economic Theory 21(1) 2003, 81-95|
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