Construct · 1 fields · 1 citations

Kalai-Smorodinsky solution: a standalone construct

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Game theory

a bargaining solution that gives each party the same share of their maximum feasible gain, replacing Nash's independence axiom with monotonicity.

In game theory, Kalai-Smorodinsky solution refers to a bargaining solution that gives each party the same share of their maximum feasible gain, replacing Nash's independence axiom with monotonicity. This meaning comes from Kalai (1975) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

axiomatic design1 fields · 1 citationsanchor · a standalone construct bargaining1 fields · 2 citationsanchor · game theory gain4 fields · 4 citationsjingle · one word, four constructs

References

Kalai, E., & Smorodinsky, M. (1975). Other Solutions to Nash's Bargaining Problem. Econometrica, 43(3), 513. https://doi.org/10.2307/1914280

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