Efficiency-free characterizations of the Kalai-Smorodinsky bargaining solution

نویسنده

  • Shiran Rachmilevitch
چکیده

Roth (1977) axiomatized the Nash (1950) bargaining solution without Pareto optimality, replacing it by strong individual rationality in Nash’s axiom list. In a subsequent work (Roth, 1979) he showed that when strong individual rationality is replaced by weak individual rationality, the only solutions that become admissible are the Nash and the disagreement solutions. In this paper I derive analogous results for the Kalai-Smorodinsky (1975) bargaining solution.

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عنوان ژورنال:
  • Oper. Res. Lett.

دوره 42  شماره 

صفحات  -

تاریخ انتشار 2014