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Efficient solutions for bargaining problems with claims

Two solution concepts have been proposed for bargaining problems with claims, namely, the proportional solution, introduced by Chun & Thomson (1992), and the extended claim-egalitarian solution, [see Bossert (1993) and Marco (1993)]. Neither of these solutions exhaust all possible gains from cooperation. In this paper we introduce and provide axiomatic characterizations of different lexicographic extensions of the aforementioned proposals, which provide efficient solutions.
Year of publication:
1994-06
Authors: Gil, María del Carmen Marco
Institutions: Instituto Valenciano de Investigaciones Económicas (IVIE)
Subject: Bargaining problems with claims | lexicographic extensions
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application/pdf
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Type of publication: Book / Working Paper
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Published by Ivie 40 pages
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Persistent link: https://www.econbiz.de/10008557124
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