Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims

Three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims are provided. Two new contraction-type and expansion-type axioms are used. Moreover, the single-valuedness axiom is dispensable if the classical symmetry axiom is imposed.

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Year of publication:	2010
Authors:	Lombardi, Michele ; Yoshihara, Naoki
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 2, p. 229-232
Publisher:	Elsevier
Keywords:	Bargaining problems Claims point Proportional solution Nonconvexity Solidarity axioms

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866937