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Nash's bargaining solution when the disagreement point is random

โœ Scribed by Rann Smorodinsky


Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
133 KB
Volume
50
Category
Article
ISSN
0165-4896

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โœ Walter Bossert ๐Ÿ“‚ Article ๐Ÿ“… 1994 ๐Ÿ› Springer ๐ŸŒ English โš– 697 KB

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