Kalai–Smorodinsky bargaining solution

E15614

The Kalai–Smorodinsky bargaining solution is a cooperative game theory concept that selects a fair agreement between parties by preserving proportional gains relative to their best possible outcomes.

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Generate an image of the Kalai–Smorodinsky bargaining solution (The Kalai–Smorodinsky bargaining solution is a cooperative game theory concept that selects a fair agreement between parties by preserving proportional gains relative to their best possible outcomes.)

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Statements (48)

Predicate Object
instanceOf bargaining solution concept ⓘ
concept in game theory ⓘ
solution concept in cooperative game theory ⓘ
aimsTo preserve proportional gains relative to ideal payoffs ⓘ
select a fair agreement between players ⓘ
appliesTo bargaining over divisible goods ⓘ
international negotiations ⓘ
labor negotiations ⓘ
author Ehud Kalai ⓘ
Meir Smorodinsky ⓘ
basedOn Pareto efficiency ⓘ
individual rationality ⓘ
monotonicity ⓘ
symmetry ⓘ
characterizedBy Pareto optimality ⓘ
linked to: Pareto efficiency

invariance to positive affine transformations of utilities ⓘ
monotonicity in feasible set expansions ⓘ
preservation of proportional gains ⓘ
comparedWith Nash bargaining solution ⓘ
definedFor two-person bargaining problems ⓘ
describedIn article "Other solutions to Nash’s bargaining problem" ⓘ
differsFrom Nash bargaining solution in its axiom of monotonicity ⓘ
field bargaining theory ⓘ
cooperative game theory ⓘ
hasGeneralization multi-person bargaining problems ⓘ
hasProperty focus on maximal individually attainable utilities ⓘ
scale invariance ⓘ
introducedIn 1975 ⓘ
namedAfter Ehud Kalai ⓘ
Meir Smorodinsky ⓘ
publishedIn Econometrica ⓘ
relatedConcept Nash bargaining solution ⓘ
bargaining set ⓘ
egalitarian bargaining solution ⓘ
satisfies Pareto efficiency axiom ⓘ
individual rationality axiom ⓘ
invariance to affine transformations axiom ⓘ
monotonicity axiom ⓘ
symmetry axiom ⓘ
selectsPoint on the Pareto frontier ⓘ
that equalizes players’ proportional gains from disagreement to utopia ⓘ
usedIn axiomatic bargaining theory ⓘ
social choice theory ⓘ
welfare economics ⓘ
usesConcept disagreement point ⓘ
feasible utility set ⓘ
utopia point ⓘ
violates independence of irrelevant alternatives axiom ⓘ

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Referenced by (6)

Full triples — surface form annotated when it differs from this entity's canonical label.

Nash bargaining solution → relatedTo → Kalai–Smorodinsky bargaining solution ⓘ
Kalai–Smorodinsky bargaining solution → describedIn → article "Other solutions to Nash’s bargaining problem" ⓘ
linked to: Kalai–Smorodinsky bargaining solution
Ehud Kalai → knownFor → Kalai–Smorodinsky bargaining solution ⓘ
Ehud Kalai → notableConcept → Kalai–Smorodinsky solution ⓘ
linked to: Kalai–Smorodinsky bargaining solution
Meir Smorodinsky → notableFor → Kalai–Smorodinsky bargaining solution ⓘ
Meir Smorodinsky → coDeveloperOf → Kalai–Smorodinsky bargaining solution ⓘ