Generalized Raiffa solutions

A. Diskin; M. Koppel; D. Samet

doi:10.1016/j.geb.2011.04.002

Generalized Raiffa solutions

A. Diskin
, M. Koppel^*
, D. Samet

^*Corresponding author for this work

Department of Political Science

Research output: Contribution to journal › Article › peer-review

20 Scopus citations

Abstract

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.

Original language	English
Pages (from-to)	452-458
Number of pages	7
Journal	Games and Economic Behavior
Volume	73
Issue number	2
DOIs	https://doi.org/10.1016/j.geb.2011.04.002
State	Published - Nov 2011

Keywords

Nash bargaining problem
Raiffa solution

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10.1016/j.geb.2011.04.002

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Generalized Raiffa solutions

Abstract

Keywords

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