COLLECTIVE CHOICE RULES AND BARGAINING SOLUTIONS

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概要

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• The Nash solution to bargaining problems is shown to induce a collective choice rule generating fully rational choice functions. This property is not shared by other solutions, including the Kalai-Smorodinsky, Gauthier, utilitarian, and egalitarian solution. An axiom of bargaining problems, Invariance under Affine Transformations of Utility, turns out to be crucially important for constructing a collective choice rule based on a bargaining solution. The Nash collective choice rule, however, violates the condition of Independence of Irrelevant Alternatives.

• 慶應義塾大学の論文

著者

• Fujiwara Takako

  Agricultural Economics The Kieo Economic Society Keio University

関連論文

• COLLECTIVE CHOICE RULES AND BARGAINING SOLUTIONS

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