Step-by-step negotiations and utilitarianism

Shiran Rachmilevitch ()
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Shiran Rachmilevitch: University of Haifa

International Journal of Game Theory, 2021, vol. 50, issue 2, No 6, 433-445

Abstract: Abstract I characterize the individually-rational utilitarian bargaining solution by combining several classical axioms with a novel axiom, monotone step-by-step negotiations (monotone SSN). One of the axioms involved in the characterization is conflict freeness, which imposes Pareto optimality on problems that include their ideal point; when conflict freeness is replaced by weak Pareto optimality, only one additional solution becomes admissible—the egalitarian solution. I also show that in Kalai’s (Econometrica 45:1623–1630, 1977) SSN-based characterization of the proportional solutions, SSN can be weakened to monotone SSN if feasible set continuity is assumed.

Keywords: Bargaining; Utilitarianism; Step-by-step negotiations; C71; C78 (search for similar items in EconPapers)
Date: 2021
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s00182-021-00755-3

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