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A simple axiomatization of the egalitarian solution

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  • Saglam, Ismail

Abstract

In this paper, we present a simple axiomatization of the n-person egalitarian solution. The single axiom sufficient for characterization is a new condition which we call symmetric decomposition.

Suggested Citation

  • Saglam, Ismail, 2012. "A simple axiomatization of the egalitarian solution," MPRA Paper 36773, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36773
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    References listed on IDEAS

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    1. Trockel, Walter, 2011. "An axiomatization of the sequential Raiffa solution," Center for Mathematical Economics Working Papers 425, Center for Mathematical Economics, Bielefeld University.
    2. Conley, John P. & Wilkie, Simon, 1991. "The bargaining problem without convexity : Extending the egalitarian and Kalai-Smorodinsky solutions," Economics Letters, Elsevier, vol. 36(4), pages 365-369, August.
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    4. Trockel, Walter, 2014. "Robustness of intermediate agreements for the discrete Raiffa solution," Games and Economic Behavior, Elsevier, vol. 85(C), pages 32-36.
    5. Shiran Rachmilevitch, 2011. "Disagreement point axioms and the egalitarian bargaining solution," International Journal of Game Theory, Springer;Game Theory Society, vol. 40(1), pages 63-85, February.
    6. Myerson, Roger B, 1977. "Two-Person Bargaining Problems and Comparable Utility," Econometrica, Econometric Society, vol. 45(7), pages 1631-1637, October.
    7. Kalai, Ehud, 1977. "Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons," Econometrica, Econometric Society, vol. 45(7), pages 1623-1630, October.
    8. Myerson, Roger B, 1981. "Utilitarianism, Egalitarianism, and the Timing Effect in Social Choice Problems," Econometrica, Econometric Society, vol. 49(4), pages 883-897, June.
    9. Thomson, William, 1983. "Problems of fair division and the Egalitarian solution," Journal of Economic Theory, Elsevier, vol. 31(2), pages 211-226, December.
    10. Roth, Alvin E, 1979. "Proportional Solutions to the Bargaining Problem," Econometrica, Econometric Society, vol. 47(3), pages 775-777, May.
    11. Thomson, William, 1984. "Monotonicity, stability and egalitarianism," Mathematical Social Sciences, Elsevier, vol. 8(1), pages 15-28, August.
    12. Chun, Youngsub & Thomson, William, 1990. "Egalitarian solutions and uncertain disagreement points," Economics Letters, Elsevier, vol. 33(1), pages 29-33, May.
    13. John Conley & Simon Wilkie, 2012. "The ordinal egalitarian bargaining solution for finite choice sets," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 38(1), pages 23-42, January.
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    Cited by:

    1. Saglam, Ismail, 2016. "An Alternative Characterization for Iterated Kalai-Smorodinsky-Nash Compromise," MPRA Paper 73564, University Library of Munich, Germany.
    2. William Thomson, 2022. "On the axiomatic theory of bargaining: a survey of recent results," Review of Economic Design, Springer;Society for Economic Design, vol. 26(4), pages 491-542, December.
    3. Ismail Saglam, 2017. "Iterated Kalai–Smorodinsky–Nash compromise," Decisions in Economics and Finance, Springer;Associazione per la Matematica, vol. 40(1), pages 335-349, November.

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    More about this item

    Keywords

    Cooperative bargaining; egalitarian solution;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games

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