Axiomatic Models of Bargaining

The problem to be considered here is the one faced by bargainers who must reach a consensus—i.e., a unanimous decision. Specifically, we will be consid­ ering n—person games in which there is a set of feasible alternatives, any one of which can be the outcome of bargaining if it is agreed to by all the bargainers. In the event that no unanimous agreement is reached, some pre—specified disagree­ ment outcome will be the result. Thus, in games of this type, each player has a veto over any alt...