A characterization of the leximin solution of the bargaining problem
CHIH CHANG and Yan-An Hwang
Mathematical Methods of Operations Research, Vol.49(3), pp.395-400
06/1999
Abstract
Bargaining problem Lexicographic maximin solution
We show that the lexicographic maximin solution is the only solution that satisfies the axioms of Pareto optimality, comprehensive hull axiom and duplicated individual monotonicity.
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Title
A characterization of the leximin solution of the bargaining problem
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CHIH CHANG
Yan-An Hwang
Publication Details
Mathematical Methods of Operations Research, Vol.49(3), pp.395-400