Kalai–Smorodinsky bargaining solution

The Kalai–Smorodinsky (KS) bargaining solution is a solution to the Bargaining problem. It was suggested by Ehud Kalai and Meir Smorodinsky, as an alternative to Nash's bargaining solution suggested 25 years earlier. The main difference between the two solutions is that the Nash solution satisfies independence of irrelevant alternatives, while the KS solution instead satisfies resource monotonicity. Provided by Wikipedia
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    Ergodic theory, entropy / by Smorodinsky, Meir

    Published 1971
    Book