Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/58916
Authors: 
Candeal, Juan Carlos
Induráin, Esteban
Molina, José Alberto
Year of Publication: 
2011
Series/Report no.: 
Discussion Paper series, Forschungsinstitut zur Zukunft der Arbeit 6248
Abstract: 
In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a rationalizable agreement rule. Finally, some results about the specific functional form of the solutions of the consensus functional equation in the setup of monetary payoffs and lotteries, over two outcomes, are also shown.
Subjects: 
consensus equation
rationalizable agreement rules
JEL: 
C60
D63
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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