In the quasilinear case, surplus maximization leads to constrained efficient Drèze equilibria. We investigate the question of whether surplus maximization can be useful beyond the quasilinear case. We use two different surplus concepts, the equivalent and the compensating surplus. The first one...

The paper deals with different completions of partial orderings on finite dimensional compact sets and an application to bargaining games. In particular, the Nash product turns out to be a continuous utility representation of the Pareto ordering in the sense of [Peleg, B., Econometrica 38 (1970)...

This paper provides four axioms that uniquely characterize the sequential Raiffa solution proposed by Raiffa (1951, 1953) for two-person bargaining games. Three of these axioms are standard and are shared by several popular bargaining solutions. They suffice to characterize these solutions on...