Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5071997 | Games and Economic Behavior | 2012 | 11 Pages |
Abstract
Following Vartiainen (2007) we consider bargaining problems in which no exogenous disagreement outcome is given. A bargaining solution assigns a pair of outcomes to such a problem, namely a compromise outcome and a disagreement outcome: the disagreement outcome may serve as a reference point for the compromise outcome, but other interpretations are given as well. For this framework we propose and study an extension of the classical Kalai-Smorodinsky bargaining solution. We identify the (large) domain on which this solution is single-valued, and present two axiomatic characterizations on subsets of this domain.
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Authors
Irem Bozbay, Franz Dietrich, Hans Peters,