Generalized Raiffa solutions

A. Diskin, M. Koppel and Dov Samet

Games and Economic Behavior, 2011, vol. 73, issue 2, 452-458

Abstract: We define a family of solutions for n-person bargaining problems which generalizes the discrete Raiffa solution and approaches the continuous Raiffa solution. Each member of this family is a stepwise solution, which is a pair of functions: a step-function that determines a new disagreement point for a given bargaining problem, and a solution function that assigns the solution to the problem. We axiomatically characterize stepwise solutions of the family of generalized Raiffa solutions, using standard axioms of bargaining theory.

Keywords: Nash bargaining problem; Raiffa solution (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (17)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:gamebe:v:73:y:2011:i:2:p:452-458

DOI: 10.1016/j.geb.2011.04.002

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