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Two-stage Bargaining Solutions

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Author Info
Paola Manzini () (Queen Mary, University of London)
Marco Mariotti () (Queen Mary, University of London)

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Abstract

We introduce and characterize a new class of bargaining solutions: those which can be obtained by sequentially applying two binary relations to eliminate alternatives. As a by-product we obtain as a particular case a partial characterization result by Zhou (Econometrica, 1997) of an extension of the Nash axioms and solution to domains including non-convex problems, as well as a complete characterizations of solutions that satisfy Pareto optimality, Covariance with positive affine transformations, and Independence of irrelevant alternatives.

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Publisher Info
Paper provided by Queen Mary, University of London, Department of Economics in its series Working Papers with number 572.

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Date of creation: Sep 2006
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Handle: RePEc:qmw:qmwecw:wp572

Note: A revised version is available at the personal homepage of Paola Manzini.
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Web page: http://www.econ.qmul.ac.uk
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Related research
Keywords: Bargaining Non-convex problems Nash bargaining solution

Find related papers by JEL classification:
C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
D44 - Microeconomics - - Market Structure and Pricing - - - Auctions

This paper has been announced in the following NEP Reports:

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This page was last updated on 2008-10-30.

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