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Asymmetric Nash bargaining solutions: A simple Nash program

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  • Anbarci, Nejat
  • Sun, Ching-jen

Abstract

This article proposes a simple Nash program. Both our axiomatic characterization and our noncooperative procedure consider each distinct asymmetric and symmetric Nash solution. Our noncooperative procedure is a generalization of the simplest known sequential Nash demand game analyzed by Rubinstein et al. (1992). We then provide the simplest known axiomatic characterization of the class of asymmetric Nash solutions, in which we use only Nash’s crucial Independence of Irrelevant Alternatives axiom and an asymmetric modification of the well-known Midpoint Domination axiom.

Suggested Citation

  • Anbarci, Nejat & Sun, Ching-jen, 2013. "Asymmetric Nash bargaining solutions: A simple Nash program," Economics Letters, Elsevier, vol. 120(2), pages 211-214.
  • Handle: RePEc:eee:ecolet:v:120:y:2013:i:2:p:211-214
    DOI: 10.1016/j.econlet.2013.04.026
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Sanxi Li & Hailin Sun & Jianye Yan & Xundong Yin, 2015. "Risk aversion in the Nash bargaining problem with uncertainty," Journal of Economics, Springer, vol. 115(3), pages 257-274, July.
    2. Shiran Rachmilevitch, 2015. "A characterization of the asymmetric Nash solution," Review of Economic Design, Springer;Society for Economic Design, vol. 19(2), pages 167-171, June.
    3. Bram Driesen, 2016. "Bargaining, conditional consistency, and weighted lexicographic Kalai-Smorodinsky Solutions," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 46(4), pages 777-809, April.

    More about this item

    Keywords

    Asymmetric Nash bargaining solutions; Nash program; Axiomatic characterization; Noncooperative foundations; Economics of search;

    JEL classification:

    • C78 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Bargaining Theory; Matching Theory
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions

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