Esteban, Joan Mª; Sákovics, József - Barcelona Graduate School of Economics (Barcelona GSE) - 2005
determined by how the direct conflict resulting from disagreement would be resolved. Our basic building block is the disagreement … bargaining problem, a weak axiom based on individual rationality leads to a unique solution: the agreement in the shadow of … conflict, ASC. This agreement may be construed as the limit of a sequence of partial agreements, each of which is reached as a …