Arbeitspapier

Beyond Nash Bargaining Theory: The Nash Set

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We extend Nash's bargaining theory to non-convex and coalitional problems. This paper investigates the implications of Nash-like axioms for bilateral problems and the properties of consistency and converse consistency over multilateral settings. The result is a characterization of the Nash set of NTU games, defined as the solution concept where each pair of players is splitting the gains from trade at a point where the Nash product of their utilities, subject to efficiency, is critical. The intersection of the Nash set and the core is also characterized with the same axioms for the class of games where the core is non-empty.

Sprache
Englisch

Erschienen in
Series: Working Paper ; No. 1997-18

Klassifikation
Wirtschaft

Ereignis
Geistige Schöpfung
(wer)
Serrano, Roberto
Shimomura, Ken-Ichi
Ereignis
Veröffentlichung
(wer)
Brown University, Department of Economics
(wo)
Providence, RI
(wann)
1997

Handle
Letzte Aktualisierung
10.03.2025, 11:42 MEZ

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Objekttyp

  • Arbeitspapier

Beteiligte

  • Serrano, Roberto
  • Shimomura, Ken-Ichi
  • Brown University, Department of Economics

Entstanden

  • 1997

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