Abstract
Five classical and uncontroversial axioms—symmetry, weak Pareto optimality, restricted monotonicity, midpoint domination, and superadditivity—characterize a bargaining solution. It assigns to each player their midpoint, that is, the n-th share of their utopia point, and equally divides what remains.
Original language | English |
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Pages (from-to) | 112-117 |
Number of pages | 6 |
Journal | Games and Economic Behavior |
Volume | 149 |
DOIs | |
State | Published - Jan 2025 |
Bibliographical note
Publisher Copyright:© 2024 The Author(s)
Keywords
- Bargaining
- Midpoint domination
- Superadditivity
ASJC Scopus subject areas
- Finance
- Economics and Econometrics