search query: @author Chen, M. / total: 14
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| Author: | Chen, M. |
| Title: | Individual monotonicity and the leximin solution |
| Journal: | Economic Theory
2000 : VOL. 15:2, p. 353-366 |
| Index terms: | BARGAINING THEORIES ECONOMICS |
| Language: | eng |
| Abstract: | Most axiomatic treatments of bargaining do not give a substantive role to individually irrational points. The authors show in this paper that it can matter greatly whether axioms and solutions are formulated with respect to the entire feasible set or with respect to only the individually rational portion. In particular, a principle of individual monotonicity becomes much more powerful when all feasible points are considered. |
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