Copyright © 1988 Published by Elsevier Science (USA). All rights reserved.
Monotonicity properties of bargaining solutions when applied to economics*1
Received 22 July 1985;
References and further reading may be available for this article. To view references and further reading you must purchase this article.
Abstract
We are concerned with the application of bargaining solutions to economic problems of fair division, and, in particular, with the way they respond to changes in the amount to be divided. For instance, one may want an increase in that amount to benefit all agents. A variety of monotonicity properties have been studied in the abstract framework of bargaining theory. Most of the commonly studied solutions are known not to satisfy many of these properties. Here, we investigate the extent to which they do when applied to economics. We show that when there is only one good, they do in fact satisfy many monotonicity properties that they do not satisfy in general. However, this positive result fails as soon as the number of commodities is greater than 2.
Author Keywords: Monotonicity; bargaining solutions; fair division






E-mail Article
Add to my Quick Links

Cited By in Scopus (19)




