The area monotonic solution to the cooperative bargaining problem
β Scribed by Nejat Anbarci; John P. Bigelow
- Publisher
- Elsevier Science
- Year
- 1994
- Tongue
- English
- Weight
- 626 KB
- Volume
- 28
- Category
- Article
- ISSN
- 0165-4896
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
The Zeuthen bargaining model occupies a prominent place among those theories of the bargaining process that have been formulated and expounded by economists. Its solution to the bargaining problem is essentially economic, since invariant utility functions based on economic factors alone determine th
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