A Simple Axiomatization of the Egalitarian Solution
In this paper, we present a simple axiomatization of the n-person egalitarian solution. The single condition sufficient for characterization is a new axiom, called symmetric decomposability that combines the axioms of step-by-step negotiations, symmetry, and weak Pareto optimality used in an early characterization by Kalai [(1977) Proportional solutions to bargaining situations: Interpersonal utility comparisons, Econometrica 45, 1623–1630].
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"Two-Person Bargaining Problems and Comparable Utility,"
247, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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"Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons,"
179, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
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