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exchange one unit. Pairs of traders are randomly matched and bargaining a price under rules that offer the freedom to quit the … explored. As a side product of independent interest, we present a self-contained theory of non-cooperative bargaining with two …
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The Lorenz-Pareto Optimal Frontier of a collective choice problem indentifies a (usually quite large) subset of all Pareto optimal outcomes which are not inegalitarian according to the Lorenz criterion. We study the basic properties of Lorenz-Pareto optimal choice functions and in particular...
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This paper studies the conditions under which the basic results of the re vealed preference theory can be established on the domain of choice problems which include non-convex feasible sets, the exercice is closely related to the works of Peters and Wakker (1991) and Bossert (1994).
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games. In the spirit of the Nash Bargaining Solution, our concept is founded on the predicted outcomes of simultaneous, two … exists and is unique. It belongs to the bargaining set and to the core whenever the latter is not empty. In fact, when the … selection of the bargaining set. Finally, we discuss how the R solution changes important conclusions of several well known …
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