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Bargaining theory over opportunity assignments and the egalitarian solution

Author

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  • Yongsheng Xu

    (Georgia State University,)

  • Naoki Yoshihara

    (University of Massachusetts Amherst)

Abstract

This paper discusses issues of axiomatic bargaining problems over opportunity assignments. The fair arbitrator uses the principle of 〠equal opportunity" for all players to make the recommendation on resource allocations. A framework in such a context is developed and the egalitarian solution to standard bargaining problems is reformulated and axiomatically characterized.

Suggested Citation

  • Yongsheng Xu & Naoki Yoshihara, 2021. "Bargaining theory over opportunity assignments and the egalitarian solution," Working Papers SDES-2021-9, Kochi University of Technology, School of Economics and Management, revised Sep 2021.
    • Handle: RePEc:kch:wpaper:sdes-2021-9
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    File URL: http://www.souken.kochi-tech.ac.jp/seido/wp/SDES-2021-9.pdf
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    References listed on IDEAS

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    9. Yoshihara, Naoki, 2003. "Characterizations of bargaining solutions in production economies with unequal skills," Journal of Economic Theory, Elsevier, vol. 108(2), pages 256-285, February.
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    Cited by:

    1. William Thomson, 2022. "On the axiomatic theory of bargaining: a survey of recent results," Review of Economic Design, Springer;Society for Economic Design, vol. 26(4), pages 491-542, December.
    2. Sakamoto, Norihito, 2017. "Characterizations of Social Choice Correspondences Based on Equality of Capabilities in a Pure Exchange Economy," RCNE Discussion Paper Series 4, Research Center for Normative Economics, Institute of Economic Research, Hitotsubashi University.

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    More about this item

    Keywords

    Opportunity sets; bargaining over opportunity assignments; egalitarian solution;
    All these keywords.

    JEL classification:

    • C71 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Cooperative Games
    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D60 - Microeconomics - - Welfare Economics - - - General
    • D63 - Microeconomics - - Welfare Economics - - - Equity, Justice, Inequality, and Other Normative Criteria and Measurement
    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General

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