A characterization of the leximin solution of the bargaining problem

Chih Chang and Yan-An Hwang

Mathematical Methods of Operations Research, 1999, vol. 49, issue 3, 395-400

Abstract: We show that the lexicographic maximin solution is the only solution that satisfies the axioms of Pareto optimality, comprehensive hull axiom and duplicated individual monotonicity. Copyright Springer-Verlag Berlin Heidelberg 1999

Keywords: Key words: Lexicographic maximin solution; bargaining problem (search for similar items in EconPapers)
Date: 1999
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Citations: View citations in EconPapers (4)

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DOI: 10.1007/s001860050056

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