The 2-person equal-loss bargaining solution (Chun Econ Lett 26:103–106, 1988) is characterized on the basis of the following axioms: concavity, Pareto optimality, symmetry, and restricted monotonicity. Replacing symmetry by strong individual rationality and extending the bargaining domain so that it contains a degenerate problem that consists solely of the disagreement point results in a characterization of a weighted version of the equal-loss solution.
|Number of pages||9|
|Journal||Social Choice and Welfare|
|State||Published - 1 Jun 2017|
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© 2017, Springer-Verlag Berlin Heidelberg.
ASJC Scopus subject areas
- Social Sciences (miscellaneous)
- Economics and Econometrics