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Title:Agreement theory and consensus PDF Logo
Authors:Candeal, Juan Carlos
Induráin, Esteban
Molina, José Alberto
Issue Date: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:urn:nbn:de:101:1-201203014848
Document Type:Working Paper
Appears in Collections:IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)

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