Nonconvex n-person bargaining: Efficient maxmin solutions

Jens Leth Hougaard, Mich Tvede

Research output: Contribution to journalArticlepeer-review


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 languageEnglish (US)
Pages (from-to)81-95
Number of pages15
JournalEconomic Theory
Issue number1
StatePublished - Jan 2003


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

ASJC Scopus subject areas

  • Economics and Econometrics


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