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Title: | On Arbitration for the Bayesian Collective Choice Problem |
Authors: | Zeng, Dao-Zhi Ohnishi, Masamitsu Ibaraki, Toshihide Chen, Ting |
Issue Date: | 31-Jan-1995 |
Publisher: | Faculty of Engineering, Kyoto University |
Journal title: | Memoirs of the Faculty of Engineering, Kyoto University |
Volume: | 57 |
Issue: | 1 |
Start page: | 27 |
End page: | 40 |
Abstract: | This paper deals with arbitration for the Bayesian collective choice problem. A similar problem is discussed in Myerson (1979) under the assumption that the arbitrator chooses a bargaining solution, derived from the generalized Nash product of Harsanyi and Selten (1972). This paper, however, asserts that arbitration differs from pure bargaining, because an arbitrator behaves so that the fairness-utility function evaluated by himself is maximized. We argue that the functional form of the fairness-utility function is uniquely determined if the arbitrator acts according to some plausible criteria. |
URI: | http://hdl.handle.net/2433/281500 |
Appears in Collections: | Vol.57 Part 1 |

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