The Time-Preference Nash Solution
We give an axiomatic characterization of the Time-Preference Nash Solution, a bargaining solution that is applied when the underlying preferences are defined over streams of physical outcomes. This bargaining solution is similar to the ordinal Nash solution introduced by Rubinstein, Safra and Thomson (1992), but it gives a different prediction when the set of physical outcomes is a set of lotteries.
|Date of creation:||08 Jun 2001|
|Date of revision:|
|Contact details of provider:|| Postal: Oscar Volij, Department of Economics, Ben-Gurion University, Beer-Sheva 84105, Israel|
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- Hanany, Eran & Safra, Zvi, 2000. "Existence and Uniqueness of Ordinal Nash Outcomes," Journal of Economic Theory, Elsevier, vol. 90(2), pages 254-276, February.
- Nash, John, 1950. "The Bargaining Problem," Econometrica, Econometric Society, vol. 18(2), pages 155-162, April.
- Volij, Oscar & Dagan, Nir & Winter, Eyal, 2002.
"A Characterization of the Nash Bargaining Solution,"
Staff General Research Papers Archive
5259, Iowa State University, Department of Economics.
- Eyal Winter & Oscar Volij & Nir Dagan, 2002. "A characterization of the Nash bargaining solution," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 19(4), pages 811-823.
- Nir Dagan & Oscar Volij & Eyal Winter, 2000. "A Characterization of the Nash Bargaining Solution," Economic theory and game theory 018, Nir Dagan, revised 21 Sep 2000.
- Nir Dagan & Oscar Volij & Eyal Winter, 2001. "A Characterization of the Nash Bargaining Solution," Economic theory and game theory 013, Oscar Volij.
- Oscar Volij, 1999.
"On Risk Aversion and Bargaining Outcomes,"
Economic theory and game theory
010, Oscar Volij.
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- van Damme, E.E.C. & Peters, H., 1991. "Characterizing the Nash and Raiffa bargaining solutions by disagreement point axioms," Other publications TiSEM 4bd5eb9e-328a-45a0-aa0a-e, Tilburg University, School of Economics and Management.
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