Efficient solutions for bargaining problems with claims

María del Carmen Marco Gil
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María del Carmen Marco Gil: Universidad Politécnica de Cartagena

Working Papers. Serie AD from Instituto Valenciano de Investigaciones Económicas, S.A. (Ivie)

Abstract: Two solution concepts have been proposed for bargaining problems with claims, namely, the proportional solution, introduced by Chun & Thomson (1992), and the extended claim-egalitarian solution, [see Bossert (1993) and Marco (1993)]. Neither of these solutions exhaust all possible gains from cooperation. In this paper we introduce and provide axiomatic characterizations of different lexicographic extensions of the aforementioned proposals, which provide efficient solutions.

Keywords: Bargaining problems with claims; lexicographic extensions (search for similar items in EconPapers)
Pages: 40 pages
Date: 1994-06
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Persistent link: https://EconPapers.repec.org/RePEc:ivi:wpasad:1994-11

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