The Kalai-Smorodinsky Bargaining Solution with Loss Aversion

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Driesen, B.W.I.; Perea ý Monsuwé, A.; Peters, H.J.M.;
  • Subject: 2 International | Bargaining | Kalai-Smorodinsky solution | Loss aversion | Reference dependence | DECISION

We consider bargaining problems under the assumption that players are loss averse, i.e., experience disutility from obtaining an outcome lower than some reference point. We follow the approach of Shalev (2002) by imposing the self-supporting condition on an outcome: an ... View more
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