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Metric Rationalization of Bargaining Solutions and Respect for Unanimity

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  • Lahiri Somdeb
Abstract
In this paper we represent bargaining solutions by means of a metric which is defined on games, whereby the solutions are precisely those payoffs which are closest to being unanimously highest. Subsequently we study the properties of “welfare optimal rules” and rationalizability of bargaining solutions by symmetric metrics. This latter condition leads to anonymous bargaining solutions which satisfy “metric respect for unanimity”.

Suggested Citation

  • Lahiri Somdeb, 1991. "Metric Rationalization of Bargaining Solutions and Respect for Unanimity," IIMA Working Papers WP1991-10-01_01050, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp01050
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