Endogenous reference points and the adjusted proportional solution for bargaining problems with claims
Année de publication: 1993
Número: 13
Pages: 1-24
Type: Working Paper
Résumé
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.