A Characterization of the Nash Bargaining Solution
We characterize the Nash bargaining solution replacing the axiom of Independence of Irrelevant Alternatives with three independent axioms: Independence of Non-Individually Rational Alternatives, Twisting and Disagreement Point Convexity. We give a non-cooperative bargaining interpretation to this last axiom.
|Date of creation:||31 Aug 2000|
|Date of revision:||21 Sep 2000|
|Publication status:||Published in Social Choice and Welfare 19:811-823 (2002)|
|Contact details of provider:|| Postal: |
Web page: http://www.nirdagan.com/research/
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.:
- Ariel Rubinstein, 2010.
"Perfect Equilibrium in a Bargaining Model,"
Levine's Working Paper Archive
252, David K. Levine.
- van Damme, E.E.C., 1986.
"The Nash bargaining solution is optimal,"
Other publications TiSEM
b408f4e4-5094-48a1-a02f-5, Tilburg University, School of Economics and Management.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Marco Mariotti, 2000. "Maximal symmetry and the Nash solution," Social Choice and Welfare, Springer, vol. 17(1), pages 45-53.
- Chun, Y. & Thomson, W., 1988.
"Nash Solution And Uncertain Disagreement Points,"
RCER Working Papers
134, University of Rochester - Center for Economic Research (RCER).
- Ehud Kalai & Robert W. Rosenthal, 1976. "Arbitration of Two-Party Disputes Under Ignorance," Discussion Papers 215, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
- Thomson, William, 1994.
"Cooperative models of bargaining,"
Handbook of Game Theory with Economic Applications,
in: R.J. Aumann & S. Hart (ed.), Handbook of Game Theory with Economic Applications, edition 1, volume 2, chapter 35, pages 1237-1284
- Peters, Hans J M, 1986. "Simultaneity of Issues and Additivity in Bargaining," Econometrica, Econometric Society, vol. 54(1), pages 153-69, January.
- Lensberg, Terje, 1988. "Stability and the Nash solution," Journal of Economic Theory, Elsevier, vol. 45(2), pages 330-341, August.
- Marco Mariotti, 1998.
"Fair Bargains: Distributive Justice and Nash Bargaining Theory,"
Royal Holloway, University of London: Discussion Papers in Economics
98/16, Department of Economics, Royal Holloway University of London, revised Feb 1998.
- Mariotti, Marco, 1999. "Fair Bargains: Distributive Justice and Nash Bargaining Theory," Review of Economic Studies, Wiley Blackwell, vol. 66(3), pages 733-41, July.
- repec:ner:tilbur:urn:nbn:nl:ui:12-154419 is not listed on IDEAS
- Kalai, Ehud & Smorodinsky, Meir, 1975. "Other Solutions to Nash's Bargaining Problem," Econometrica, Econometric Society, vol. 43(3), pages 513-18, May.
When requesting a correction, please mention this item's handle: RePEc:nid:ndagan:018. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Nir Dagan)
If references are entirely missing, you can add them using this form.