Multi-Utilitarian Bargaining Solutions
This paper introduces and analyzes the class of multi-utilitarian solutions for cooperative bargaining problems. We show that generalized Gini solutions and inequality averse Choquet bargaining solutions are particular cases of this new multi-valued solution concept and provide a complete characterization of inequality averse multi-utilitarian solutions in which an invariance property consisting of a weakening of both the linear invariance axiom in Blackorby et al. (1994) and the restricted invariance axiom in Ok and Zhou (2000). Moreover, by relaxing the assumptions involved in the characterization, the class is extended to include equality averse multi-utilitarian solutions which are also studied in the paper.
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- Kalai, Ehud, 1977.
"Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons,"
Econometric Society, vol. 45(7), pages 1623-30, October.
- Ehud Kalai, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Discussion Papers 179, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Ok, E.A. & Zhou, L., 1996.
"Revealed Group Preferences on Non-Convex Choice Problems,"
96-39, C.V. Starr Center for Applied Economics, New York University.
- Efe A. Ok & Lin Zhou, 1999. "Revealed group preferences on non-convex choice problems," Economic Theory, Springer, vol. 13(3), pages 671-687.
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"Two-Person Bargaining Problems and Comparable Utility,"
247, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Myerson, Roger B, 1977. "Two-Person Bargaining Problems and Comparable Utility," Econometrica, Econometric Society, vol. 45(7), pages 1631-37, October.
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"The Choquet Bargaining Solutions,"
97-36, C.V. Starr Center for Applied Economics, New York University.
- Blackorby, C. & Bossert, W. & Donaldson, D., 1993.
"Generalized Ginis and Cooperative Bargaining Solution,"
93a12, Universite Aix-Marseille III.
- Blackorby, Charles & Bossert, Walter & Donaldson, David, 1994. "Generalized Ginis and Cooperative Bargaining Solutions," Econometrica, Econometric Society, vol. 62(5), pages 1161-78, September.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
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