On the relevance of alternatives in bargaining: generalized average pay-off solutions

被引:0
作者
In, Younghwan [1 ]
机构
[1] Natl Univ Singapore, Dept Econ, Singapore 117570, Singapore
关键词
bargaining; axioms; generalized average pay-off solutions; relevance of alternatives;
D O I
10.1007/s00182-007-0112-3
中图分类号
F [经济];
学科分类号
02 ;
摘要
We generalize the average pay-off solution proposed by Anbarci (Can J Econ 28:675-682, 1995), which depends on all the alternatives, and show that the Nash and Kalai-Smorodinsky solutions are limits of generalized average pay-off solutions. We formalize the notion of relevant alternatives and compare solutions in terms of the relevance of alternatives.
引用
收藏
页码:251 / 264
页数:14
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