4.0 Article

Dominant strategy implementation of bargaining solutions

Journal

MATHEMATICAL SOCIAL SCIENCES
Volume 104, Issue -, Pages 60-67

Publisher

ELSEVIER
DOI: 10.1016/j.mathsocsci.2020.01.008

Keywords

Bargaining problem; Bargaining solution; Dominant strategy implementation; Welfarism; Dictatorial solution

Funding

  1. JSPS, Japan KAKENHI [JP22730165, JP22330061, JP15H03328, JP16K03567, JP17K03628]

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We consider the problem where agents bargain over their shares of a perfectly divisible commodity. The aim of this paper is to identify the class of bargaining solutions induced by dominant strategy implementable allocation rules. To this end, we characterize the class of dominant strategy implementable allocation rules and impose the property of welfarism, which makes it possible for any allocation rule to induce a bargaining solution. Our main result is that an allocation rule is dominant strategy implementable and satisfies welfarism and some mild requirements if and only if it induces a dictatorial solution. (C) 2020 Elsevier B.V. All rights reserved.

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