Nonconvex n-Person Bargaining: Efficient Maxmin Solutions

Jens Hougaard () and Mich Tvede

No 98-20, Discussion Papers from University of Copenhagen. Department of Economics

Abstract: This paper provides an axiomatic characterization of a family of so-called efficient maxmin solutions which can be seen as generalizations of the Kalai-Smorodinsky solution to nonconvex n-person bargaining problems. Moreover, it is shown that even though there are several efficient maxmin solutions for some bargaining problems, there is typically a unique efficient maxmin solution.

Keywords: nonconvex n-person bargaining; Kalai-Smorodinsky solution; efficient Maxmin solution (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Pages: 18 pages
Date: 1998-12
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Published in: Economic Theory 21(1) 2003, 81-95

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http://dx.doi.org/10.1007/s00199-001-0246-7

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Journal Article: Nonconvex n-person bargaining: efficient maxmin solutions (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:kud:kuiedp:9820

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