Individual disagreement point concavity and the bargaining problem

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 conc...

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Bibliographic Details
Published in:International journal of economic theory 2022-03, Vol.18 (1), p.6-15
Main Authors: Bossert, Walter, Peters, Hans
Format: Article
Language:English
Subjects:
Bargaining
Disputes
individual disagreement point concavity
Property
proportional solutions
Usefulness
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Summary: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.
ISSN:1742-7355
1742-7363
DOI:10.1111/ijet.12304