Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims

We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another characterization theorem shows that the single-valuedness axiom is dispensable even within the class of nonconvex problems if the standard symmetry axiom is imposed.

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Year of publication:	2008-07
Authors:	Lombardi, Michele ; Yoshihara, Naoki
Institutions:	Institute of Economic Research, Hitotsubashi University
Subject:	Bargaining problems \| claims point \| proportional solution \| nonconvexity \| solidarity axioms

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Extent:	application/pdf
Series:	Discussion Paper Series.
Type of publication:	Book / Working Paper
Notes:	June, 2008 Number a501 10 pages long [1] p.
Classification:	C78 - Bargaining Theory; Matching Theory ; D60 - Welfare Economics. General ; D70 - Analysis of Collective Decision-Making. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005450384