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Two Impossibility Results on the Converse Consistency Principle in Bargaining

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  • Youngsub Chun

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Abstract

We present two impossibility results on the converse consistency principle in the context of bargaining. First, we show that there is no solution satis-fying Pareto optimality, contraction independence, and converse consistency. Next, we show that there is no solution satisfying Pareto optimality, strong individual rationality, individual monotonicity, and converse consistency.

Suggested Citation

  • Youngsub Chun, 1999. "Two Impossibility Results on the Converse Consistency Principle in Bargaining," Working Paper Series no24, Institute of Economic Research, Seoul National University.
  • Handle: RePEc:snu:ioerwp:no24
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    File URL: http://econ.snu.ac.kr/~ecores/activity/paper/no24.pdf
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    Cited by:

    1. Youngsub Chun, 2001. "The Separability Principle in Bargaining," Working Paper Series no43, Institute of Economic Research, Seoul National University.

    More about this item

    Keywords

    bargaining problem; axiomatic approach; impossibilities; converse consistency;

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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