Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims

Michele Lombardi, Naoki Yoshihara (), 直毅 吉原 and ナオキ ヨシハラ

No a501, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another characterization theorem shows that the single-valuedness axiom is dispensable even within the class of nonconvex problems if the standard symmetry axiom is imposed.

Keywords: Bargaining problems; claims point; proportional solution; nonconvexity; solidarity axioms (search for similar items in EconPapers)
JEL-codes: C78 D60 D70 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2008-07
New Economics Papers: this item is included in nep-gth
Note: June, 2008
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https://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/15846/DP501.pdf

Related works:
Journal Article: Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims (2010)
Working Paper: Alternative Characterizations of the Proportional Solution for Nonconvex Bargaining Problems with Claims (2008)
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Persistent link: https://EconPapers.repec.org/RePEc:hit:hituec:a501

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