Browsing by Subject "Axioms"

Filter results by typing the first few letters
Now showing 1 - 2 of 2
  • Thumbnail Image
    ItemOpen Access
    Duality, area-considerations, and the Kalai–Smorodinsky solution
    (Elsevier, 2017) Karagözoğlu, E.; Rachmilevitch, S.
    We introduce a new solution concept for 2-person bargaining problems, which can be considered as the dual of the Equal-Area solution (EA) (see Anbarcı and Bigelow (1994)). Hence, we call it the Dual Equal-Area solution (DEA). We show that the point selected by the Kalai–Smorodinsky solution (see Kalai and Smorodinsky (1975)) lies in between those that are selected by EA and DEA. We formulate an axiom–area-based fairness–and offer three characterizations of the Kalai–Smorodinsky solution in which this axiom plays a central role. © 2016 Elsevier B.V.
  • Thumbnail Image
    ItemOpen Access
    Iterated egalitarian compromise solution to bargaining problems and midpoint domination
    (Elsevier B.V., 2018) Karagözoğlu, Emin; Tok, Elif Özcan
    We introduce a new solution for two-person bargaining problems: the iterated egalitarian compromise solution. It is defined by using two prominent bargaining solutions, the egalitarian solution (Kalai, 1977) and the equal-loss solution (Chun, 1988), in an iterative fashion. While neither of these two solutions satisfy midpoint domination - an appealing normative property - we show that the iterated egalitarian compromise solution does so.