Dynamics and axiomatics of the equal area bargaining solution
Emilio Calvo () and
International Journal of Game Theory, 2000, vol. 29, issue 1, 92 pages
We present an alternative formulation of the two-person equal area bargaining solution based on a dynamical process describing the disagreement point set. This alternative formulation provides an interpretation of the idea of equal concessions. Furthermore, it leads to an axiomatic characterization of the solution.
Keywords: Bargaining; dynamics; equal area solution (search for similar items in EconPapers)
Note: Received: November 1998/Revised version: September 1999
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