In production economies with unequal skills, this paper characterizes bargaining solutions by using axioms on allocation rules rather than axioms on classical bargaining solutions. Instead of Consistency of Resource Allocation across Dimension (CONRAD)[Roemer (1986, 1988)], which is essentially...

We reconsider the three well-known solutions: the Nash, the egalitarian and the Kalai-Smorodinsky solutions, to the classical domains of convex bargaining problems. A new proof for the Nash solution that highlights the crucial role the axiom Contraction Independence plays is provided. We also...

In this paper, we consider production economies with possibly unequal production skills and with possibility of technological innovations, in which resource allocations are determined via bargaining among individuals. We define the Nash bargaining solution as the (bargaining) allocation rule...

We define two types of natural mechanisms, quantity and price-quantity types, in convex production economies, and characterize the class of Pareto subsolutions doubly implementable in Nash and strong Nash equilibria by these mechanisms respectively. First, we show that there is a class of Pareto...

The purpose of this paper is to examine the critical arguments made by Burmeister, Samuelson, and others, with respect to Sraffa (1960). Sraffa did not address these arguments, but they are relevant from the viewpoint of modern economic theories. In his arguments about the standard commodity,...

This paper analyses the theoretical issues related to the measurement of labour content in the context of general technologies with heterogeneous labour. A novel axiomatic framework is used in order to formulate the key properties of the notion of labour content and analyse its theoretical...

This report explores the development of exploitation theory in mathematical Marxian economics by reviewing the main controversies surrounding the definition of exploitation since the contribution of Okishio (1963). The report first examines the robustness and economic implications of the debates...