C. Herrero, ENDOGENOUS REFERENCE POINTS AND THE ADJUSTED PROPORTIONAL SOLUTION FOR BARGAINING PROBLEMS WITH CLAIMS, Social choice and welfare, 15(1), 1998, pp. 113-119
A modification of the proportional solution for bargaining problems wi
th claims is proposed. This solution is constructed by considering an
endogenous reference point. Characterization results of the aforementi
oned solution are provided.