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Bargaining theory over opportunity assignments and the egalitarian solution

Yongsheng Xu and Naoki Yoshihara

No 725, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This paper discusses issues of axiomatic bargaining problems over opportunity assignments. The fair arbitrator uses the principle of "equal opportunity" for all players to make the recommendation on resource allocations. A framework in such a context is developed and the egalitarian solution to standard bargaining problems is reformulated and axiomatically characterized.

Keywords: Opportunity sets; bargaining over opportunity assignments; egalitarian solution (search for similar items in EconPapers)
JEL-codes: C71 C78 D60 D63 D70 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2021-08
New Economics Papers: this item is included in nep-gth, nep-isf and nep-ore
Note: This version: July 2021
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/72192/DP725.pdf

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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:725

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