Monotonicity of bargaining solutions with respect to the disagreement point |
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Institution: | Department of Economics, University of Rochester, Rochester, New York 14627, USA |
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Abstract: | We investigate whether the best known solutions to the bargaining problem respond appropriately to certain changes in the disagreement point d, for a fixed feasible set. If di increases, while for each j ≠ i, dj remains constant, then these solutions recommend an increase in agent i's payoff, in agreement with intuition. However, the stronger requirement that agent i be the only one to gain is not generally met. |
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