Efficiency and monotonicity of bargaining solutions
β Scribed by Hannu Salonen
- Publisher
- Springer Netherlands
- Year
- 1991
- Tongue
- English
- Weight
- 359 KB
- Volume
- 25
- Category
- Article
- ISSN
- 0033-5177
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
This paper provides an axiomatization of the egalitarian bargaining solution. The central axiom used (together with some standard properties of bargaining solutions) in this characterization is a transfer responsiveness condition. First, it ensures that no transfer paradox can occur if bargaining po
Monotonicity has been suggested as a principle of fairness and a principle of bargaining. It has been proposed as a substitute to the "independence of irrelevant alternatives" axiom in bargaining solutions and thus applied to the determination of wages and employment. In this paper we will discuss t