Resolving a conflict situation with a reference outcome: An axiomatic model

Resolving a conflict situation with a reference outcome: An axiomatic model

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Article ID: iaor1988196
Country: United States
Volume: 34
Issue: 11
Start Page Number: 1303
End Page Number: 1314
Publication Date: Nov 1988
Journal: Management Science
Authors: ,
Abstract:

The authors formulate an axiomatic model of conflict situations in which there exist two prominent outcomes. One is the traditional conflict outcome, the other is the reference outcome. The latter is an outcome with the following properties: (1) It is Pareto-superior to the conflict outcome, (2) It is not Pareto optimal, (3) All the bargainers agree that the conflict’s solution should be Pareto superior to it. The authors present a solution function for this model. It satisfies uniquely several desirable requirements. The model is an extension of Nash’s Bargaining Problem paradigm, and the particular solution function the authors propose is a variation of the Kalai-Smorodinsky solution.

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