The area monotonic solution to the cooperative bargaining problem
(1994)
Journal Article
Anbarci, N., & Bigelow, J. (1994). The area monotonic solution to the cooperative bargaining problem. Mathematical Social Sciences, 28(2), 133-142. https://doi.org/10.1016/0165-4896%2893%2900746-h
A new solution is proposed to Nash's cooperative bargaining problem. Nash's independence of irrelevant alternatives axiom is replaced with a new axiom, area monotonicity (AM). The unique solution satisfying AM, symmetry, weak Pareto optimality, and i... Read More about The area monotonic solution to the cooperative bargaining problem.