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Title:Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims PDF Logo
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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