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We analyze a pure bargaining problem when decisions require simple majority and self interested players make unilateral demands. In contrast to the case where proposals consist of complete sharing profiles, this content of proposals prevents implicit side-payments inside the committee, and so...
Persistent link: https://www.econbiz.de/10005370657
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...
Persistent link: https://www.econbiz.de/10005370784
For a two-sided multipartner matching model where agents are given by path-independent choice functions and no quota restrictions, Blair [7] had shown that stable matchings always exist and form a lattice. However, the lattice operations were not simple and not distributive. Recently Alkan [3]...
Persistent link: https://www.econbiz.de/10005370785
In a linear production model, we characterize the class of efficient and strategy-proof allocation functions, and the class of efficient and coalition strategy-proof allocation functions. In the former class, requiring equal treatment of equals allows us to identify a unique allocation function....
Persistent link: https://www.econbiz.de/10005370920
Short-term contracts and exogenous productivity growth are introduced in a simple wage bargaining model. The equilibrium utilities corresponding to militant union behaviour are independent of the contract length. Necessary and sufficient conditions for monotonic convergence to a unique steady...
Persistent link: https://www.econbiz.de/10005370932
We analyze the rationalizability of variable-population social-choice functions in a welfarist framework. It is shown that fixed-population rationalizability and a weakening of congruence together are necessary and sufficient for rational choice, given a plausible dominance property that...
Persistent link: https://www.econbiz.de/10005370982
Persistent link: https://www.econbiz.de/10005371063
We present a game in which n persons split a cake, where a distinction between conditional and unconditional offers is made. This distinction sheds light on the contrasting results obtained in the previous literature of multilateral bargaining. By allowing the proposer to make both conditional...
Persistent link: https://www.econbiz.de/10005371066
Which strategy-proof nonbossy mechanisms exist in a model with a finite number of indivisible goods (houses, jobs, positions) and a perfectly divisible good (money)? The main finding is that only a finite number of distributions of the divisible good is consistent with strategy-proofness and...
Persistent link: https://www.econbiz.de/10005371155
Persistent link: https://www.econbiz.de/10005371181