Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
7543790 | Operations Research Letters | 2018 | 4 Pages |
Abstract
We introduce a new solution for two-person bargaining problems: the iterated egalitarian compromise solution. It is defined by using two prominent bargaining solutions, the egalitarian solution (Kalai, 1977) and the equal-loss solution (Chun, 1988), in an iterative fashion. While neither of these two solutions satisfy midpoint domination - an appealing normative property - we show that the iterated egalitarian compromise solution does so.
Related Topics
Physical Sciences and Engineering
Mathematics
Discrete Mathematics and Combinatorics
Authors
Emin KaragözoÄlu, Elif Ãzcan Tok,