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http://hdl.handle.net/10419/55176
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| Title: | | Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims  |
| Authors: | | Lombardi, Michele Yoshihara, Naoki |
| Issue Date: | | 2008 |
| Series/Report no.: | | Working Paper // School of Economics and Finance, Queen Mary, University of London 632 |
| Abstract: | | We provide three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims that are not necessarily convex. One characterization result is obtained by using, together with other standard axioms, two solidarity axioms. Another characterization theorem shows that the single-valuedness axiom is dispensable even within the class of nonconvex problems if the standard symmetry axiom is imposed. |
| Subjects: | | bargaining problems claims point proportional solution nonconvexity solidarity axioms |
| JEL: | | C78 D60 D70 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Paper Series, School of Economics and Finance, Queen Mary, University of London
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