Article

Multi-Utilitarian Bargaining Solutions.

Department of Applied Economics IV, Universidad del País Vasco
08/2007;
Source: RePEc

ABSTRACT This paper introduces and analyzes the class of multi-utilitarian solutions for cooperative bargaining problems. We show that generalized Gini solutions and inequality averse Choquet bargaining solutions are particular cases of this new multi-valued solution concept and provide a complete characterization of inequality averse multi-utilitarian solutions in which an invariance property consisting of a weakening of both the linear invariance axiom in Blackorby et al. (1994) and the restricted invariance axiom in Ok and Zhou (2000). Moreover, by relaxing the assumptions involved in the characterization, the class is extended to include equality averse multi-utilitarian solutions which are also studied in the paper.

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Keywords

assumptions
 
complete characterization
 
cooperative bargaining problems
 
equality averse multi-utilitarian solutions
 
generalized Gini solutions
 
inequality averse Choquet bargaining solutions
 
inequality averse multi-utilitarian solutions
 
linear invariance axiom
 
multi-utilitarian solutions
 
paper introduces