Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims

Michele Lombardi and Naoki Yoshihara ()

Economics Letters, 2010, vol. 108, issue 2, pages 229-232

Abstract: Three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims are provided. Two new contraction-type and expansion-type axioms are used. Moreover, the single-valuedness axiom is dispensable if the classical symmetry axiom is imposed.

Keywords: Bargaining; problems; Claims; point; Proportional; solution; Nonconvexity; Solidarity; axioms (search for similar items in EconPapers)
Date: 2010
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Related works:
Working Paper: Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims (2008)
Working Paper: Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims (2008)
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