This paper develops a theoretical framework of professional sports leagueswhich captures the bargaining process of sporting labour market negotiations. A transfer market, which does not have a counterpart in other labour markets butit is an implicit and ubiquitous component of the market for...

We consider a cooperative model of bargaining where the location of thedisagreement point may be uncertain. Based on the maximin criterion, we formulate anex ante effciency condition and characterize the class of bargaining solutions satisfyingthis axiom...

This paper provides an analysis of individual and social decision criteria foralternatives that are composed of several attributes. We derive additive and multiplicativecriteria for individual decision-making with new axioms and apply these criteria toobtain new justications of known social...