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Twofold Optimality of the Relative Utilitarian Bargaining Solution

Pivato, Marcus
Munich Personal RePEc Archive · Reports
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Given a bargaining problem, the `relative utilitarian' (RU) solution maximizes the sum total of the bargainer's utilities, after having first renormalized each utility function to range from zero to one. We show that RU is `optimal' in two very different senses. First, RU is the maximal element (
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