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Nash Bargaining versus Market Outcomes

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Author Info
Nirvikar Singh (University of California, Santa Cruz)

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Abstract

This paper compares the NBS and market outcomes in a simple n-person economy. It shows how the two outcomes differ with respect to responsiveness to differences in risk aversion, endowments, and market positions.

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File URL: http://129.3.20.41/eps/game/papers/0412/0412004.pdf
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Publisher Info
Paper provided by EconWPA in its series Game Theory and Information with number 0412004.

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Length: 11 pages
Date of creation: 07 Dec 2004
Date of revision:
Handle: RePEc:wpa:wuwpga:0412004

Note: Type of Document - pdf; pages: 11
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Web page: http://129.3.20.41

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Find related papers by JEL classification:
C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory

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  1. Ken Binmore & Ariel Rubinstein & Asher Wolinsky, 1986. "The Nash Bargaining Solution in Economic Modelling," RAND Journal of Economics, The RAND Corporation, vol. 17(2), pages 176-188, Summer. [Downloadable!] (restricted)
  2. Binmore, Ken G & Herrero, M J, 1988. "Matching and Bargaining in Dynamic Markets," Review of Economic Studies, Blackwell Publishing, vol. 55(1), pages 17-31, January. [Downloadable!] (restricted)
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This page was last updated on 2009-12-2.

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