Nonconvex n-person bargaining: efficient maxmin solutions

This paper provides an axiomatic characterization of a family of so-called efficient maxmin solutions which can be seen as generalizations of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems. Moreover, it is shown that even though there are several efficient maxmin solutions for some bargaining problems, there is typically a unique efficient maxmin solution. Copyright Springer-Verlag Berlin Heidelberg 2003

MoreLess

Year of publication:	2003
Authors:	Hougaard, Jens Leth ; Tvede, Mich
Published in:	Economic Theory. - Springer. - Vol. 21.2003, 1, p. 81-95
Publisher:	Springer
Subject:	Nonconvex n-person bargaining \| Kalai-Smorodinsky solution \| Efficient maxmin solutions

More details

Extent:	text/html
Type of publication:	Article
Classification:	C78 - Bargaining Theory; Matching Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005370784