Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5128452 | Operations Research Letters | 2017 | 4 Pages |
Abstract
We introduce a new solution concept for 2-person bargaining problems, which can be considered as the dual of the Equal-Area solution (EA) (see Anbarcı and Bigelow (1994)). Hence, we call it the Dual Equal-Area solution (DEA). We show that the point selected by the Kalai-Smorodinsky solution (see Kalai and Smorodinsky (1975)) lies in between those that are selected by EA and DEA. We formulate an axiom-area-based fairness-and offer three characterizations of the Kalai-Smorodinsky solution in which this axiom plays a central role.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Emin KaragözoÄlu, Shiran Rachmilevitch,