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A generalization of the Egalitarian and the Kalai–Smorodinsky bargaining solutions

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Listed:
  • Dominik Karos

    (Maastricht University)

  • Nozomu Muto

    (Yokohama National University)

  • Shiran Rachmilevitch

    (University of Haifa)

Abstract

We characterize the class of weakly efficient n-person bargaining solutions that solely depend on the ratios of the players’ ideal payoffs. In the case of at least three players the ratio between the solution payoffs of any two players is a power of the ratio between their ideal payoffs. As special cases this class contains the Egalitarian and the Kalai–Smorodinsky bargaining solutions, which can be pinned down by imposing additional axioms.

Suggested Citation

  • Dominik Karos & Nozomu Muto & Shiran Rachmilevitch, 2018. "A generalization of the Egalitarian and the Kalai–Smorodinsky bargaining solutions," International Journal of Game Theory, Springer;Game Theory Society, vol. 47(4), pages 1169-1182, November.
    • Handle: RePEc:spr:jogath:v:47:y:2018:i:4:d:10.1007_s00182-018-0611-4
    DOI: 10.1007/s00182-018-0611-4
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    References listed on IDEAS

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