Herrero, Carmen - In: Social Choice and Welfare 15 (1997) 1, pp. 113-119
A modification of the proportional solution for bargaining problems with claims is proposed. This solution is constructed by considering an endogenous reference point. Characterization results of the aforementioned solution are provided. <!--ID="" Acknowledgements. Thanks are due to Carmen Marco, Gert-Jan Otten, Antonio Villar, Oskar Volij and two anonymous referees for helpful suggestions. Financial support from the DGICYT, under project PB92-0342, is gratefully acknowledged.-->
