On unification of solutions to the bargaining problem

C.-J. Haake, C.-Z. Qin, On Unification of Solutions to the Bargaining Problem, Paderborn University, 2018.

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We establish axioms under which a bargaining solution can be found by the maximization of the CES function and is unique up to specification of the distribution and elasticity parameters. This solution is referred to as the CES solution which includes the NASH and egalitarian solutions as special cases. Next, we consider a normalization of the CES function and establish axioms, under which a bargaining solution can be found by the maximization of the normalized CES and is unique up to the specifications of the distribution and its substitution parameters. We refer to this solution as the normalized CES solution, which includes the Nash and Kalai-Smorodinsky solutions as special cases. Our paper contributes to bargaining theory by establishing unified characterizations of existing as well as a great variety of new bargaining solutions.
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Haake C-J, Qin C-Z. On Unification of Solutions to the Bargaining Problem. Paderborn University; 2018.
Haake, C.-J., & Qin, C.-Z. (2018). On unification of solutions to the bargaining problem. Paderborn University.
@book{Haake_Qin_2018, place={Paderborn University}, series={CIE Center for International Economics, Working Papers}, title={On unification of solutions to the bargaining problem}, author={Haake, Claus-Jochen and Qin, Cheng-Zhong}, year={2018}, collection={CIE Center for International Economics, Working Papers}}
Haake, Claus-Jochen, and Cheng-Zhong Qin. On Unification of Solutions to the Bargaining Problem. CIE Center for International Economics, Working Papers. Paderborn University, 2018.
C.-J. Haake and C.-Z. Qin, On unification of solutions to the bargaining problem. Paderborn University, 2018.
Haake, Claus-Jochen, and Cheng-Zhong Qin. On Unification of Solutions to the Bargaining Problem. Paderborn University: N.p., 2018. Print. CIE Center for International Economics, Working Papers.
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