Recently, philosophers have investigated the emergence and evolution of
the social contract. Yet extant work is limited as it focuses on the use of simple
behavioral norms in rather rigid strategic settings. Drawing on axiomatic bargaining
theory, we explore the dynamics of more sophisticated norms capable of guiding
behavior in a wide range of scenarios. Overall, our investigation suggests the utilitarian
bargaining solution has a privileged status as it has certain stability properties...[Show more]
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