Lexicographic monotone path solutions

Lexicographic monotone path solutions

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Article ID: iaor1988199
Country: Germany
Volume: 11
Start Page Number: 43
End Page Number: 47
Publication Date: Nov 1989
Journal: OR Spektrum
Authors: ,
Abstract:

The family of 2-person bargaining solutions called Lexicographic monotone path solutions-which are nonsymmetric generalizations of the lexicographic egalitarian solution-is characterized in several ways. Central in these characterizations is an interiority condition introduced in order to characterize the n-person lexicographic egalitarian solution. This condition means that a monotonicity property is required to hold only if the agreement is an interior Pareto optimal point, the interpretation being that in that case the agreement is ‘natural’ or ‘unforced’.

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