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In the present paper a generalization of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems is provided. The generalization is obtained by a slight weakening of the axioms used in Kalai-Smorodinsky (1975) and Roth (1980).
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This paper is concerned with the measurement of intertemporal performance for similar production activities. It abandons the Farrell tradition which relies on efficient production frontiers, instead it focuses on pure dominance relationships among observed activities. The sole assumption on the...
Persistent link: https://www.econbiz.de/10005749555
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...
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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
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