Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7353128 | Games and Economic Behavior | 2017 | 14 Pages |
Abstract
In this paper we introduce and analyze the procedural egalitarian solution for transferable utility games. This new concept is based on the result of a coalitional bargaining procedure in which egalitarian considerations play a central role. The procedural egalitarian solution is the first single-valued solution which coincides with the constrained egalitarian solution of Dutta and Ray (1989) on the class of convex games and which exists for any TU-game.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Bas Dietzenbacher, Peter Borm, Ruud Hendrickx,