Efficient solutions for bargaining problems with claims
Año de publicación: 1994
Número: 11
Páginas: 1-40
Tipo: Documento de Trabajo
Resumen
Two solution concepts have been proposed for bargaining problems with claims, namely, the proportional solution, introduced by Chun & Thomson (1992), and the extended claim-egalitarian solution, [see Bossert (1993) and Marco (1993)]. Neither of these solutions exhaust all possible gains from cooperation. In this paper we introduce and provide axiomatic characterizations of different lexicographic extensions of the aforementioned proposals, which provide efficient solutions.