Nonconvex n-person bargaining: Efficient maxmin solutions

Jens Leth Hougaard; Mich Tvede

doi:10.1007/s00199-001-0246-7

Nonconvex n-person bargaining: Efficient maxmin solutions

Jens Leth Hougaard, Mich Tvede

Economics

Research output: Contribution to journal › Article › peer-review

Abstract

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 solutions for some bargaining problems, there is typically a unique efficient maxmin solution.

Original language	English (US)
Pages (from-to)	81-95
Number of pages	15
Journal	Economic Theory
Volume	21
Issue number	1
DOIs	https://doi.org/10.1007/s00199-001-0246-7
State	Published - Jan 2003

Keywords

Efficient maxmin solutions
Kalai-Smorodinsky solution
Nonconvex n-person bargaining

ASJC Scopus subject areas

Economics and Econometrics

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10.1007/s00199-001-0246-7

Cite this

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Nonconvex n-person bargaining: Efficient maxmin solutions

Abstract

Keywords

ASJC Scopus subject areas

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