Individual disagreement point concavity and the bargaining problem. (4th May 2021)

• Record Type: Journal Article
• Authors: Bossert, Walter; Peters, Hans
• Is Part Of: International journal of economic theory. Volume 18:Number 1(2022)
• Page Start: 6
• Page End: 15
• Publication Date: 2021-05-04
• Subjects: Bargaining -- proportional solutions -- individual disagreement point concavity; Economics -- Periodicals; 330.01
• DOI: 10.1111/ijet.12304
• Languages: English
• ISSNs: 1742-7355

Abstract

Abstract: In this study, we provide a characterization of the class of proportional bargaining solutions introduced by Kalai. Our result differs from earlier axiomatizations in that we use a property that we label individual disagreement point concavity. This property is a weakening of disagreement point concavity used by Chun and Thomson. An application illustrates the potential usefulness of our new property in a strategic setting.