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Alternative characterizations of the proportional solution for nonconvex bargaining problems with claims. (English) Zbl 1230.91062
Summary: Three alternative characterizations of the proportional solution defined on compact and comprehensive bargaining problems with claims are provided. Two new contraction-type and expansion-type axioms are used. Moreover, the single-valuedness axiom is dispensable if the classical symmetry axiom is imposed.

MSC:
91B26 Auctions, bargaining, bidding and selling, and other market models
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