Two Impossibility Results on the Converse Consistency Principle in Bargaining
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.
|Date of creation:||Oct 1999|
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