Nonconvex n-Person Bargaining: Efficient Maxmin Solutions

This paper provides an axiomatic characterization of a family of so-called efficient maxmin solutions which can be seen as generalizations of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems. Moreover, it is shown that even though there are several efficient maxmin solutions for some bargaining problems, there is typically a unique efficient maxmin solution.

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Year of publication:	1998-12
Authors:	Hougaard, Jens Leth ; Tvede, Mich
Institutions:	Økonomisk Institut, Københavns Universitet
Subject:	nonconvex n-person bargaining \| Kalai-Smorodinsky solution \| efficient Maxmin solution

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Series:	Discussion Papers.
Type of publication:	Book / Working Paper
Notes:	Published in: Economic Theory 21(1) 2003, 81-95 Number 98-20 18 pages
Other identifiers:	10.1007/s00199-001-0246-7 [DOI]
Classification:	C78 - Bargaining Theory; Matching Theory
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005749612