Arbeitspapier
Agreement theory and consensus
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.
- Language
-
Englisch
- Bibliographic citation
-
Series: IZA Discussion Papers ; No. 6248
- Classification
-
Wirtschaft
Mathematical Methods; Programming Models; Mathematical and Simulation Modeling: General
Equity, Justice, Inequality, and Other Normative Criteria and Measurement
- Subject
-
consensus equation
rationalizable agreement rules
Portugal
Verhandlungstheorie
Theorie
- Event
-
Geistige Schöpfung
- (who)
-
Candeal, Juan Carlos
Induráin, Esteban
Molina, José Alberto
- Event
-
Veröffentlichung
- (who)
-
Institute for the Study of Labor (IZA)
- (where)
-
Bonn
- (when)
-
2011
- Handle
- URN
-
urn:nbn:de:101:1-201203014848
- Last update
-
10.03.2025, 11:43 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Candeal, Juan Carlos
- Induráin, Esteban
- Molina, José Alberto
- Institute for the Study of Labor (IZA)
Time of origin
- 2011
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