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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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 efficiency
surface form: Pareto optimality

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 Kalai–Smorodinsky bargaining solution self-linksurface differs
surface form: 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 Kalai–Smorodinsky bargaining solution self-linksurface differs
this entity surface form: article "Other solutions to Nash’s bargaining problem"
Ehud Kalai knownFor Kalai–Smorodinsky bargaining solution
Ehud Kalai notableConcept Kalai–Smorodinsky bargaining solution
this entity surface form: Kalai–Smorodinsky solution
Meir Smorodinsky notableFor Kalai–Smorodinsky bargaining solution
Meir Smorodinsky coDeveloperOf Kalai–Smorodinsky bargaining solution