We propose a new solution concept to address the problem of sharing a surplus among the agents generating it. The problem is formulated in the preferences-endowments space. The solution is defined recursively, incorporating notions of consistency and fairness and relying on properties satisfied...

The authors analyze multilateral tariff negotiations as a game in coalition form. In a model with three identical countries that produce and trade an homogeneous commodity and where countries' aggregated welfare can weight differently their different components, they analyze how changes in the...