On the axiomatic theory of bargaining: a survey of recent results (Q6156317): Difference between revisions

In this article the famous specialist William Thomson present us a magnificent overview of the important subject -- axiomatic theory of bargaining. The reader can find valuable information on the development of the mentioned issues, unsolved issues and other important conclusions on the following topics: \begin{itemize} \item Nash's classical model of bargaining, solution and variants, Kalai-Smorodinsky solution and variants, egalitarian solutions and variants, utilitarian solution, normalized utilitarian, and individual-rationality constrained utilitarianism, equal loss, equal weighted loss, and normalized equal-loss solutions, Raffia solutions, some families of solutions (Section 2); \item Accommodating variable populations (Section 3); \item Accommodating non-convex feasible sets (Section 4); \item Variants of the classical model (Section 5); \item Other results; strategic considerations, games of offers and counteroffers (Section 6). \end{itemize}