# Axiomatic Theory of Bargaining with a Variable Number of Agents

*William Thomson* and
*Terje Lensberg* ()

in Cambridge Books from Cambridge University Press

**Abstract:**
In this book, Professor Thomson and Professor Lensberg extrapolate upon the Nash (1950) treatment of the bargaining problem to consider the situation where the number of bargainers may vary. The authors formulate axioms to specify how solutions should respond to such changes, and provide new characterizations of all the major solutions as well as generalizations of these solutions. The book also contains several other comparative studies of solutions in the context of a variable number of agents. Much of the theory of bargaining can be rewritten within this context. The pre-eminence of the three solutions at the core of the classical theory is confirmed. These are the solutions introducted by Nash (1950) and two solutions axiomatized in the 1970s (Kalai-Smorodinsky and egalitarian solutions).

**Date:** 1989

**References:** Add references at CitEc

**Citations:** View citations in EconPapers (57) Track citations by RSS feed

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

**Related works:**

Book: Axiomatic Theory of Bargaining with a Variable Number of Agents (2006)

This item may be available elsewhere in EconPapers: Search for items with the same title.

**Export reference:** BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text

**Persistent link:** https://EconPapers.repec.org/RePEc:cup:cbooks:9780521343831

**Ordering information:** This item can be ordered from

http://www.cambridge ... p?isbn=9780521343831

Access Statistics for this book

More books in Cambridge Books from Cambridge University Press

Bibliographic data for series maintained by Ruth Austin ( this e-mail address is bad, please contact ).