DIVIDING BY DEMANDING: OBJECT DIVISION THROUGH MARKET PROCEDURES

Claus-Jochen Haake ()

International Game Theory Review (IGTR), 2009, vol. 11, issue 01, 15-32

Abstract: We discuss a model, in which two agents may distribute finitely many objects among themselves. The conflict is resolved by means of a market procedure. Depending on the specifications, this procedure serves to achieve bargaining solutions such as the discrete Raiffa solution, the Kalai-Smorodinsky solution and the Perles-Maschler solution. The latter is axiomatized using the superadditivity axiom, which in the present context is readily interpreted as resolving a specific source of conflict potential.

Keywords: Object division; market procedure; Perles-Maschler solution; C78; C62; D51; D63 (search for similar items in EconPapers)
JEL-codes: B4 C0 C6 C7 D5 D7 M2 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0219198909002121

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