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Dynamics and axiomatics of the equal area bargaining solution |
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| Authors: | Emilio Calvo Hans Peters |
| Affiliation: | (1) Departamento de Analisis Economico, Campus dels Tarongers, Avinguda dels Tarongers s/n, Edificio Departamental Oriental, 46011 Valencia, Spain (e-mail: emilio.calvo@uv.es), ES;(2) Department of Quantitative Economics, University of Maastricht, 6200 MD Maastricht, The Netherlands (e-mail: h.peters@ke.unimaas.nl), NL |
| 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. Received: November 1998/Revised version: September 1999 |
| Keywords: | : Bargaining dynamics equal area solution |
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