Agreement Theory and Consensus

descriptionPublicationkeyboard_double_arrow_right Article , Research , Preprint 01 Jan 2012 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

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Authors: Candeal, Juan Carlos; Induráin, Esteban; Molina, José Alberto;

doi: 10.2139/ssrn.1981204

handle: 10419/58916

Agreement Theory and Consensus

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Abstract

In order to formalize the act of agreement between two individuals, the concept of consensus functional equation, for a bi-variate map defined on an abstract choice set, is introduced. Then, and in a purely choice-theoretical framework, we relate the solutions of this equation to the notion of a rationalizable agreement rule. Finally, some results about the specific functional form of the solutions of the consensus functional equation in the setup of monetary payoffs and lotteries, over two outcomes, are also shown.

Related Organizations

Institute for the Study of Labor
Germany
University of Zaragoza
Spain

Keywords

consensus equation, rationalizable agreement rules, Portugal, ddc:330, C60, rationalizable agreement rules, D63, Verhandlungstheorie, Theorie, consensus equation, jel: jel:C60, jel: jel:D63

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