Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/127343
Authors: 
Driesen, Bram W.
Year of Publication: 
2012
Series/Report no.: 
Discussion Paper Series, University of Heidelberg, Department of Economics 523
Abstract: 
In this article we define and characterize a class of asymmetric leximin solutions, that contains both the symmetric leximin solution of Imai[5] and the two-person asymmetric Kalai-Smorodinsky solution of Dubra [3] as special cases. Solutions in this class combine three attractive features: they are defined on the entire domain of convex n-person bargaining problems, they generally yield Pareto efficient solution outcomes, and asymmetries among bargainers are captured by a single parameter vector. The characterization is based on a strengthening of Dubra’s [3] property Restricted Independence of Irrelevant Alternatives (RIIA). RIIA imposes Nash’s IIA (Nash [9]), under the added condition that the contraction of the feasible set preserves the mutual proportions of players’ utopia values. Our axiom, entitled RIIA for Independent Players (RIP), says RIIA holds for a group of players, given that the contraction of the feasible set does not affect players outside that group.
Subjects: 
Bargaining
asymmetric bargaining solution
leximin solution
JEL: 
C78
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

Files in This Item:
File
Size
247.31 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.