| Abstract: | This paper provides an analysis of individual and social decision criteria for alternatives that are composed of several attributes. We derive additive and multiplicative criteria for individual decision-making with new axioms and apply these criteria to obtain new justifications of known social choice rules with a bargaining interpretation, namely the generalized utilitarian and Nash social choice functions. Unlike most axiomatizations of bargaining solutions, our approach is, to a large extent, based on the multi-attribute structure of the underlying alternatives and the resulting individual decision criteria instead of axioms that impose restrictions on the choice function directly. |
