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The primitives of a bargaining problem consist of a set, S, of feasible utility pairs and a disagree- ment point in it. The idea is that the set S is induced by an underlying set of physical outcomes which, for the purposes of the analysis, can be abstracted away. In a very influential paper...
Persistent link: https://www.econbiz.de/10005585408
We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to...
Persistent link: https://www.econbiz.de/10005741334
We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting, and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to...
Persistent link: https://www.econbiz.de/10005752873
We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the ordinal Nash solution introduced by Rubinstein, Safra, and...
Persistent link: https://www.econbiz.de/10005562439
We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to...
Persistent link: https://www.econbiz.de/10005146795
We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the ordinal Nash solution introduced by Rubinstein, Safra and...
Persistent link: https://www.econbiz.de/10005357966
We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting, and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to...
Persistent link: https://www.econbiz.de/10005154831
Persistent link: https://www.econbiz.de/10001702555
We analyze the problem of extending a given bilateral principle of justice to a consistent n-creditor bankruptcy rule. Based on the bilateral principal, we build a family of binary relations on the set of creditors in order to make bilateral comparisons between them. We find that the possibility...
Persistent link: https://www.econbiz.de/10005433634
We associate each bankruptcy problem with a bargaining problem and derive old allocation rules for the former by applying well known bargaining solutions to the latter.
Persistent link: https://www.econbiz.de/10005437404