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This paper addresses the following issue: If a set of agents bargain on a set of feasible alternatives 'in the shadow' of a voting rule, that is, any agreement can be enforced if a 'winning coalition' supports it, what general agreements are likely to arise? In other words: What influence can...
Persistent link: https://www.econbiz.de/10005731371
Committees are often made up of representatives of different-sized groups of individuals, and make decisions by means of a voting rule which specifies what vote configurations can pass a decision. This raises the question of the choice of the optimal voting rule, given the different sizes of the...
Persistent link: https://www.econbiz.de/10005731446
In this paper a reconstruction of the theory of bargaining with claims in economic environments is addressed. The spirit of that reconstruction is similar to that made by Roemer of the standard bargaining theory.
Persistent link: https://www.econbiz.de/10005515916
In this paper we explore the notion that players are decent, in the sensethat their choices are bound by certain unwritten social rules. We apply thisidea to two cases: bankruptcy and bargaining in exchange economies. Wecharacterize the results that are generated by such a behavior in the cases...
Persistent link: https://www.econbiz.de/10005515932