A MEASURE FOR CONTESTEDNESS OF A TWO-PERSON BARGAINING PROBLEM

Claus-Jochen Haake () and Thomas Streck ()
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Claus-Jochen Haake: Paderborn University
Thomas Streck: Paderborn University

No 160, Working Papers CIE from Paderborn University, CIE Center for International Economics

Abstract: We consider two-person bargaining problems and provide axioms for a mapping that assigns to each bargaining problem a number in the unit interval that reflects how hard it is to find an agreement. We term this notion the contestedness of a bargaining problem and show that there is one and only one mapping satisfying the axioms. Furthermore, the axioms are shown to be logically independent. The mapping is based on the standard traveling time used in Perles and Maschler (1981) to define the bargaining solution therein.

Keywords: Bargaining Problem; Contestedness; Perles-Maschler bargaining solutio (search for similar items in EconPapers)
JEL-codes: C78 (search for similar items in EconPapers)
Pages: 13
Date: 2024-05
New Economics Papers: this item is included in nep-gth and nep-mic
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