Analysis reveals the Kalai-Smorodinsky bargaining solution offers enhanced stability in agreements, addressing issues in social contract theory.
While bargaining theory has been a valuable tool in social contract theory, theorists often neglect crucial questions concerning the stability of bargaining agreements. We discuss one way of ensuring broad compliance with agreements and find that, under a wide range of conditions, the Kalai-Smorodinsky (KS) bargaining solution is least susceptible to stability-related challenges.
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Justin Bruner (2025) studied this question.
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