Truncated Leximin solutions

This paper shows that three classic properties for bargaining solutions in an environment with a variable number of agents-Anonymity (AN), Individual Monotonicity (IM), and Consistency (CONS)-characterize a one-parameter family of Truncated Leximin solutions. Given a non-negative and possibly infinite α, an α-Truncated Leximin solution gives each agent the minimum of α and their Leximin solution payoff.