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Threat bargaining problems with correlated beliefs
(2010-07-27)
In this paper we provide a general framework for studying threat bargaining games with correlated beliefs. In this framework we obtain a characterization of the Kalai-Smorodinsky solution without any monotonicity assumption. ...
Generalized shapely value for games with a coalition structure
(2010-07-27)
In cooperative games with transferable utility, there is usually no restriction on the possible coalitions that can materialize. A significant departure from this tradition, occurs in Moulin [1995], where the concept of ...
Two characterizations of the independence of irrelevant alternatives assumption
(2010-03-25)
In this paper we propose alternative characterizations of the Independence of irrelevant alternatives assumption, as conceived in bargaining theory. We provide two distinct characterizations, which allows us to view both ...
When does the equal income lindahl equilibrium solotion satisfy resource Monotonicity
(2010-03-23)
In this paper we show that the Equal Income Lindahl Equilibrium solution Function satisfies resource monotonicity when preferences are quasi-linear and there is a constant returns to scale technology converting private ...
Metric rationalization of bargaining solutions and respect for unanimity
(2010-03-28)
In this paper we represent bargaining solutions by means of a metric which is defined on games, whereby the solutions are precisely those payoffs which are closest to being unanimously highest. Subsequently we study the ...
Metric rationalization of bargaining solutions and respect for unanimity
(2010-03-28)
In this paper we represent bargaining solutions by means of a metric which is defined on games, whereby the solutions are precisely those payoffs which are closest to being unanimously highest. Subsequently we study the ...
Monotonocity of compromise solutions with respect to the claims point
(2010-03-28)
In this paper we establish that a family of well-known normed compromise solutions for two-person claims problems respond appropriately to changes in the claims point. The fact that these solutions satisfy what may be ...
Distributive justice with externalities and public goods
(2010-03-22)
We analyze in this paper the distribution of a fixed amount of perfectly divisible private goods among a fixed number of agents and with a certain portion of the private goods allocated for the creation of public goods. ...
Non - rationalizability of utilitarian consistent choice functions
(2010-07-22)
In much of the applied welfare economics, one finds the recurrent use of utilitarian objective functions, in arriving at social decisions. Apart from being completely insensitive to distributional issues, the utilitarian ...
Consistency and an axiomatic characterization of the market equilibrium solutions
(2010-04-06)
In this paper, we present a unified theory for solutions to games of fair division, which are ordinal in nature and appear as non-symmetric variants of the equal income market equilibrium solution. We characterize the ...