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Discounted Solidarity Values

Emilio Calvo () and Esther Gutiérrez-López ()
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Esther Gutiérrez-López: Departamento de Economía Aplicada IV. Universidad del País Vasco U.P.V./E.H.U.

No 418, Discussion Papers in Economic Behaviour from University of Valencia, ERI-CES

Abstract: We consider the family of discounted solidarity values Sl^{α}, where α∈[0,1]. We offer strategic support for this family by means of a noncooperative bargaining game. We show that the risk of a breakdown in negotiations and the time discount factor simultaneously determine the value of α. We supplement the analysis with an axiomatic characterization.

Keywords: n-person bargaining; transferable utility games; Solidarity value. (search for similar items in EconPapers)
JEL-codes: C71 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth and nep-knm
Date: 2018-06
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Persistent link: https://EconPapers.repec.org/RePEc:dbe:wpaper:0418

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