Axiomatic Bargaining Theory on Opportunity Assignments
نویسندگان
چکیده
منابع مشابه
Judicial precedent as a dynamic rationale for axiomatic bargaining theory
Axiomatic bargaining theory (e.g., Nash’s theorem) is static. We attempt to provide a dynamic justification for the theory. Suppose a Judge or Arbitrator must allocate utility in an (infinite) sequence of two-person problems; at each date, the Judge is presented with a utility possibility set in R+. He/she must choose an allocation in the set, constrained only by Nash’s axioms, in the sense tha...
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Most contributions in axiomatic bargaining are phrased in the space of utilities. This comes in sharp contrast with standards in most other branches of economic theory. The present paper shows how Nash’s original axiomatic system can be rephrased in a natural class of economic environments with lotteries, and how his uniqueness result can be recovered, provided one completes the system with a p...
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The simplest bargaining situation is that of two persons who have to agree on the choice of an outcome from a given set offeasible outcomes; in case no agreement is reached, a specified disagreement outcome results. This two-personpure bargaining problem has been extensively analyzed, starting with Nash (1950). When there are more than two participants, the n-person straightforward generalizati...
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Article history: Received 4 October 2009 Received in revised form 4 August 2010 Accepted 5 August 2010 Available online 12 August 2010
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We introduce a model of bargaining among groups, and characterize a family of solutions using a Consistency axiom and a few other invariance and monotonicity properties. For each solution in the family, there exists some constant α ≥ 0 such that the "bargaining power" of a group is proportional to cα, where c is the cardinality of the group. Subject classification: JEL C71, C78
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2005
ISSN: 1556-5068
DOI: 10.2139/ssrn.898668