A generalization of the Egalitarian and the Kalai–Smorodinsky bargaining solutions

Dominik Karos; Nozomu Muto; Shiran Rachmilevitch

doi:10.1007/s00182-018-0611-4

A generalization of the Egalitarian and the Kalai–Smorodinsky bargaining solutions

Dominik Karos, Nozomu Muto, Shiran Rachmilevitch

Department of Economics

Research output: Contribution to journal › Article › peer-review

Abstract

We characterize the class of weakly efficient n-person bargaining solutions that solely depend on the ratios of the players’ ideal payoffs. In the case of at least three players the ratio between the solution payoffs of any two players is a power of the ratio between their ideal payoffs. As special cases this class contains the Egalitarian and the Kalai–Smorodinsky bargaining solutions, which can be pinned down by imposing additional axioms.

Original language	English
Pages (from-to)	1169-1182
Number of pages	14
Journal	International Journal of Game Theory
Volume	47
Issue number	4
DOIs	https://doi.org/10.1007/s00182-018-0611-4
State	Published - 1 Nov 2018

Bibliographical note

Publisher Copyright:
© 2018, The Author(s).

Keywords

Bargaining
Efficiency-free characterizations
Parametrized solutions

ASJC Scopus subject areas

Statistics and Probability
Mathematics (miscellaneous)
Social Sciences (miscellaneous)
Economics and Econometrics
Statistics, Probability and Uncertainty

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10.1007/s00182-018-0611-4

Cite this

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A generalization of the Egalitarian and the Kalai–Smorodinsky bargaining solutions

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

Access to Document

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