Abstract
In this study, we provide a characterization of the class of proportional bargaining solutions introduced by Kalai. Our result differs from earlier axiomatizations in that we use a property that we label individual disagreement point concavity. This property is a weakening of disagreement point concavity used by Chun and Thomson. An application illustrates the potential usefulness of our new property in a strategic setting.
Original language | English |
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Pages (from-to) | 6-15 |
Number of pages | 10 |
Journal | International Journal of Economic Theory |
Volume | 18 |
Issue number | 1 |
Early online date | 4 May 2021 |
DOIs | |
Publication status | Published - Mar 2022 |
Keywords
- Bargaining
- proportional solutions
- individual disagreement point concavity
- MONOTONICITY