Examples of KS in a sentence
The KS solution selects the Pareto-efficient point in 𝑆 where each player receives the same share of their maximal possible excess utility.
The KS curves in the 𝑤–𝐿 space (left) and the utility space (right) Notes: The solution curves for the KS solution: the 𝐿-KS curve (purple) and the 𝑤-KS curve (orange) do not intersect on the Pareto curve (red).
For better comparability, we use the same specification of the model as used in the previous sections and as in Figures 4 and 5.( )( )The construction of the 𝐿-KS and 𝑤-KS curves follows the same route as with the Nash curves: for any fixed 𝑤, the corresponding point on the 𝐿-KS curve marks the employment level 𝐿, so that the utility allocation in 𝑤, 𝐿 coincides with the KS solution of the restricted bargaining problem 𝑆𝑤 𝑤 , and analogously for the 𝑤-KS curve.
Moreover, the utility allocation of the KS solution of the efficient bargaining 14In experimental studies on unstructured bargaining over two and three alternatives, Galeotti et al.
A Presentation System (PS) for all messages emitted by DSS.3. A Knowledge System (KS) addressing all the imbedded knowledge in a DSS.