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.

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Year of publication:	1999-10
Authors:	Chun, Youngsub
Institutions:	Institute for Economic Research, Division of Economics
Subject:	bargaining problem \| axiomatic approach \| impossibilities \| converse consistency

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Extent:	application/pdf
Series:	Working Paper Series.
Type of publication:	Book / Working Paper
Classification:	C71 - Cooperative Games ; C78 - Bargaining Theory; Matching Theory ; D70 - Analysis of Collective Decision-Making. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005667288