Bargaining with endogenous disagreement: The extended Kalai–Smorodinsky solution

B-Tier
Journal: Games and Economic Behavior
Year: 2012
Volume: 74
Issue: 1
Pages: 407-417

Authors (3)

Bozbay, Irem (not in RePEc) Dietrich, Franz (not in RePEc) Peters, Hans (Maastricht University)

Score contribution per author:

0.670 = (α=2.01 / 3 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Following Vartiainen (2007) we consider bargaining problems in which no exogenous disagreement outcome is given. A bargaining solution assigns a pair of outcomes to such a problem, namely a compromise outcome and a disagreement outcome: the disagreement outcome may serve as a reference point for the compromise outcome, but other interpretations are given as well. For this framework we propose and study an extension of the classical Kalai–Smorodinsky bargaining solution. We identify the (large) domain on which this solution is single-valued, and present two axiomatic characterizations on subsets of this domain.

Technical Details

RePEc Handle
repec:eee:gamebe:v:74:y:2012:i:1:p:407-417
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25