Efficient performance in two agent bargaining (Q1092778)

From MaRDI portal
scientific article
Language Label Description Also known as
English
Efficient performance in two agent bargaining
scientific article

    Statements

    Efficient performance in two agent bargaining (English)
    0 references
    0 references
    1987
    0 references
    An allocation rule in a bargaining problem is given by two functions from pairs of stated valuations by the two parties, one determining probability of transfer of the item, the other determining a money payment. The author presents a set of conditions which will guarantee that allocation rules in a certain class are both individually rational and efficient.
    0 references
    0 references
    auctions
    0 references
    individual rationality
    0 references
    efficiency
    0 references
    An allocation rule
    0 references
    bargaining
    0 references
    0 references
    0 references