Two-stage Bargaining Solutions
AbstractWe 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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Bibliographic InfoPaper provided by Queen Mary, University of London, School of Economics and Finance in its series Working Papers with number 572.
Date of creation: Sep 2006
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Note: A revised version is available at the personal homepage of Paola Manzini .
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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:
- NEP-ALL-2006-09-23 (All new papers)
- NEP-CBE-2006-09-23 (Cognitive & Behavioural Economics)
- NEP-GTH-2006-09-23 (Game Theory)
- NEP-MIC-2006-09-23 (Microeconomics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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"Efficiency First or Equity First? Two Principles and Rationality of Social Choice,"
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"Proportional Nash solutions - A new and procedural analysis of nonconvex bargaining problems,"
CCES Discussion Paper Series
42, Center for Research on Contemporary Economic Systems, Graduate School of Economics, Hitotsubashi University.
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