Endogenous reference points and the adjusted proportional solution for bargaining problems with claims

  1. Carmen Herrero Blanco
Zeitschrift:
Working papers = Documentos de trabajo: Serie AD

Datum der Publikation: 1993

Nummer: 13

Seiten: 1-24

Art: Arbeitsdokument

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Zusammenfassung

A modification of the proportional solution for bargaining with claims problems is proposed. This solution is construct.ed by considering an endogenous reference point. Characterization results are provided when the feasible set is not necessarily convex.

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