The Time-Preference Nash Solution
AbstractWe give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the ordinal Nash solution introduced by Rubinstein, Safra and Thomson (1992), but it gives a different prediction when the set of physical outcomes is a set of lotteries.
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Bibliographic InfoPaper provided by Oscar Volij in its series Economic theory and game theory with number 014.
Date of creation: 08 Jun 2001
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Postal: Oscar Volij, Department of Economics, Ben-Gurion University, Beer-Sheva 84105, Israel
Web page: http://volij.co.il/
Other versions of this item:
- Nir Dagan & Oscar Volij & Eyal Winter, 2001. "The time-preference Nash solution," Economic theory and game theory 019, Nir Dagan.
- Nir Dagan & Oscar Volij & Eyal Winter, 2001. "The Time-Preference Nash Solution," Discussion Paper Series dp265, The Center for the Study of Rationality, Hebrew University, Jerusalem.
- C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
- C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
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- Eyal Winter & Oscar Volij & Nir Dagan, 2002.
"A characterization of the Nash bargaining solution,"
Social Choice and Welfare,
Springer, vol. 19(4), pages 811-823.
- Nir Dagan & Oscar Volij & Eyal Winter, 2000. "A Characterization of the Nash Bargaining Solution," Economic theory and game theory 018, Nir Dagan, revised 21 Sep 2000.
- Nir Dagan & Oscar Volij & Eyal Winter, 2001. "A Characterization of the Nash Bargaining Solution," Economic theory and game theory 013, Oscar Volij.
- Volij, Oscar & Dagan, Nir & Winter, Eyal, 2002. "A Characterization of the Nash Bargaining Solution," Staff General Research Papers 5259, Iowa State University, Department of Economics.
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- Rubinstein, Ariel & Safra, Zvi & Thomson, William, 1992. "On the Interpretation of the Nash Bargaining Solution and Its Extension to Non-expected Utility Preferences," Econometrica, Econometric Society, vol. 60(5), pages 1171-86, September.
- Volij, Oscar & Winter, Eyal, 2002.
"On risk aversion and bargaining outcomes,"
Games and Economic Behavior,
Elsevier, vol. 41(1), pages 120-140, October.
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