Contracts for All: New Bargaining Approach Promises Fairer Deals
The article discusses a problem where multiple people need to pick contracts together. It's called a contract choice problem. The researchers found that in this type of situation, there's always at least one workable solution, called a weak bargaining set. This concept is simpler than a more common one called the core. The researchers show that even for easy contract choices, the core might not work. They give an example where existing solutions might fail, suggesting their new idea is a good fix.