Abstract
Three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims are provided. Two new contraction-type and expansion-type axioms are used. Moreover, the single-valuedness axiom is dispensable if the classical symmetry axiom is imposed.
Original language | English |
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Pages (from-to) | 229-232 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 108 |
Issue number | 2 |
DOIs | |
Publication status | Published - Aug 2010 |
Keywords
- Bargaining problems
- Claims point
- Proportional solution
- Nonconvexity
- Solidarity axioms