TY - JOUR
T1 - Generalized Raiffa solutions
AU - Diskin, A.
AU - Koppel, M.
AU - Samet, D.
PY - 2011/11
Y1 - 2011/11
N2 - We define a family of solutions for n-person bargaining problems which generalizes the discrete Raiffa solution and approaches the continuous Raiffa solution. Each member of this family is a stepwise solution, which is a pair of functions: a step-function that determines a new disagreement point for a given bargaining problem, and a solution function that assigns the solution to the problem. We axiomatically characterize stepwise solutions of the family of generalized Raiffa solutions, using standard axioms of bargaining theory.
AB - We define a family of solutions for n-person bargaining problems which generalizes the discrete Raiffa solution and approaches the continuous Raiffa solution. Each member of this family is a stepwise solution, which is a pair of functions: a step-function that determines a new disagreement point for a given bargaining problem, and a solution function that assigns the solution to the problem. We axiomatically characterize stepwise solutions of the family of generalized Raiffa solutions, using standard axioms of bargaining theory.
KW - Nash bargaining problem
KW - Raiffa solution
UR - http://www.scopus.com/inward/record.url?scp=80053603246&partnerID=8YFLogxK
U2 - 10.1016/j.geb.2011.04.002
DO - 10.1016/j.geb.2011.04.002
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AN - SCOPUS:80053603246
SN - 0899-8256
VL - 73
SP - 452
EP - 458
JO - Games and Economic Behavior
JF - Games and Economic Behavior
IS - 2
ER -