Dynamics and axiomatics of the equal area bargaining solution

Dynamics and axiomatics of the equal area bargaining solution

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Article ID: iaor2001935
Country: Germany
Volume: 29
Issue: 1
Start Page Number: 81
End Page Number: 92
Publication Date: Jan 2000
Journal: International Journal of Game Theory
Authors: ,
Abstract:

We present an alternative formulation of the two-person equal area bargaining solution based on a dynamical process describing the disagreement point set. This alternative formulation provides an interpretation of the idea of equal concessions. Furthermore, it leads to an axiomatic characterization of the solution.

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