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Application of the Nash Bargaining Model to a Problem of Efficient Resources Use and Cost-Benefit Allocation

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  • Dinar, Ariel

Abstract

This paper presents an application of the Nash model to a combined problem of optimal use of a common facility and the related cost-benefit allocation considerations. Two alternative modifications and a diagrammatically procedure are developed. The conditions for an optimal Nash solution are derived. The Procedure is applied to a case where cooperation between farms can be considered.

Suggested Citation

  • Dinar, Ariel, "undated". "Application of the Nash Bargaining Model to a Problem of Efficient Resources Use and Cost-Benefit Allocation," 1989 Annual Meeting, July 30-August 2, Baton Rouge, Louisiana 270685, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea89:270685
    DOI: 10.22004/ag.econ.270685
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    References listed on IDEAS

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    1. Nash, John, 1953. "Two-Person Cooperative Games," Econometrica, Econometric Society, vol. 21(1), pages 128-140, April.
    2. Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
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