The egalitarian solution and reduced game properties in convex games

Abstract

The main purpose of this paper is to axiomatise the egalitarian solution of Dutta and Ray over the class of convex games. The main axioms used are the two reduced game properties due to Davis-Maschler and Hart-Mas Colell. The egalitarian solution is the only solution satisfying either of the two reduced game properties and agreeing with the egalitarian solution on two person games. Moreover, it is also shown that there is no solution satisfying symmetry, individual rationality and a monotonicity condition on two-person games and which simultaneously satisfies both the reduced game properties.