Bargaining with independence of higher or irrelevant claims

C-Tier
Journal: Journal of Mathematical Economics
Year: 2020
Volume: 91
Issue: C
Pages: 11-17

Authors (3)

Albizuri, M.J. (not in RePEc) Dietzenbacher, B.J. (Maastricht University) Zarzuelo, J.M. (not in RePEc)

Score contribution per author:

0.336 = (α=2.02 / 3 authors) × 0.5x C-tier

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

Abstract

This paper studies independence of higher claims and independence of irrelevant claims on the domain of bargaining problems with claims. Independence of higher claims requires that the payoff of an agent does not depend on the higher claim of another agent. Independence of irrelevant claims states that the payoffs should not change when the claims decrease but remain higher than the payoffs. Interestingly, in conjunction with standard axioms from bargaining theory, these properties characterize a new constrained Nash solution, a constrained Kalai–Smorodinsky solution, and a constrained Kalai solution.

Technical Details

RePEc Handle
repec:eee:mateco:v:91:y:2020:i:c:p:11-17
Journal Field
Theory
Author Count
3
Added to Database
2026-01-25