Article ID Journal Published Year Pages File Type
9551727 Games and Economic Behavior 2005 14 Pages PDF
Abstract
We consider bargaining problems with at least one cardinal player and with ordinal players, and provide a complete description of utility invariant solutions of such problems for two players. For the n-person case we provide a procedure that: (i) returns a given cardinal solution if there are only cardinal players; (ii) is based on the ordinal solution for gradual bargaining problems, introduced by O'Neill et al. [O'Neill, B., Samet, D., Wiener, Z., Winter, E., 2002. Bargaining with an agenda. Games Econ. Behav., in press], for the ordinal players. Finally, we introduce the so-called cardinal concession solution as another example of a utility invariant solution.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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