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Several bargaining solutions could fail to capture advantage from having sets closer to the same utopia point. If the whole frontier of the set is improved maintaining the same utopia point, these solutions outcome remains stagnant at the same point. We called this phenomena the stagnation...
Persistent link: https://www.econbiz.de/10010772986
The aim of this paper is to generalize the results of Peter and Tijs [10] and [9]. We propose a characterization that holds both for n-agent problems and for a larger class of problems. The axioms used in our characterization are weaker because they are implied by the characterization in the...
Persistent link: https://www.econbiz.de/10010773001
Persistent link: https://www.econbiz.de/10009724614