Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims

Michele Lombardi and Naoki Yoshihara ()

No 632, Working Papers from Queen Mary University of London, School of Economics and Finance

Abstract: We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another characterization theorem shows that the single-valuedness axiom is dispensable even within the class of nonconvex problems if the standard symmetry axiom is imposed.

Keywords: Bargaining problems; Claims point; Proportional solution; Nonconvexity; Solidarity axioms (search for similar items in EconPapers)
JEL-codes: C78 D60 D70 (search for similar items in EconPapers)
Date: 2008-07-01
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Related works:
Journal Article: Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims (2010)
Working Paper: Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:qmw:qmwecw:632

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