The Nash bargaining solution is optimal
From MaRDI portal
The author studies the classical two-person bargaining game. The set F consists of all bargaining solutions that satisfy the following known axioms: Pareto optimality, scale invariance, symmetry and risk sensitivity. It is proved that for any bargaining game S the set \(\{\) f(S): \(f\in S\}\) is closed and connected. A meta bargaining game \(\Gamma\) (S) is defined, where \(S_ 1=S\) and the set \(S_{t+1}\) consists of all those payoff vectors for which the ith coordinate does not exceed the demand of player i in stage t. This game has many interesting properties. It is also proved that only the Nash solution is an equilibrium for every bargaining game S, and that the ``independence of irrelevant alternative axiom can be replaced by a much weaker recursivity axiom.
Recommendations
- THE NASH BARGAINING SOLUTION AS MUTUAL EXPECTED-UTILITY MAXIMIZATION
- Nash bargaining solution under externalities
- A characterization of the Nash bargaining solution
- Publication:4938545
- The coalitional Nash bargaining solution
- The Constrained Nash Bargaining Solution
- Monotone bargaining is Nash-solvable
- Nash solution and timing of bargaining
- An axiomatization of the Nash bargaining solution
- The computation of the Nash bargaining solution
Cites work
- A Generalized Nash Solution for Two-Person Bargaining Games with Incomplete Information
- An Arbitration Model for Normal-Form Games
- An Axiomatization of the Non-Transferable Utility Value
- Approaches to the Bargaining Problem Before and After the Theory of Games: A Critical Discussion of Zeuthen's, Hicks', and Nash's Theories
- Axiomatic models of bargaining
- Equilibrium points in n -person games
- scientific article; zbMATH DE number 3137856 (Why is no real title available?)
- scientific article; zbMATH DE number 3733696 (Why is no real title available?)
- scientific article; zbMATH DE number 3756277 (Why is no real title available?)
- scientific article; zbMATH DE number 3604723 (Why is no real title available?)
- scientific article; zbMATH DE number 3614533 (Why is no real title available?)
- scientific article; zbMATH DE number 3342731 (Why is no real title available?)
- scientific article; zbMATH DE number 3347963 (Why is no real title available?)
- Monotonicity and independence axioms
- Nonsymmetric Nash solutions and replications of 2-person bargaining
- Other Solutions to Nash's Bargaining Problem
- Perfect Equilibrium in a Bargaining Model
- Proportional Solutions to Bargaining Situations: Interpersonal Utility Comparisons
- Risk Aversion and Nash's Solution for Bargaining Games with Risky Outcomes
- Risk Aversion in the Small and in the Large
- Risk sensitivity, independence of irrelevant alternatives and continuity of bargaining solutions
- The bargaining problem
- The super-additive solution for the Nash bargaining game
- Two-Person Bargaining Problems and Comparable Utility
- Two-Person Cooperative Games
Cited in
(57)- A note on the group bargaining solution
- A theory of agreements in the shadow of conflict: The genesis of bargaining power
- A solution for two-person bargaining problems
- Characterizing the Nash bargaining solution without Pareto-optimality
- A noncooperative justification for egalitarian surplus sharing
- Bargaining with a ruler
- A meta-allocation mechanism in cooperative bargaining
- The computation of the Nash bargaining solution
- Multiple-issue bargaining and axiomatic solutions
- On Nash's hidden assumption
- Axiomatic and game-theoretic analysis of bankruptcy and taxation problems: a survey.
- An approach to simple bargaining games and related problems
- Negotiation-proof Nash equilibrium
- The averaging mechanism.
- The relative profitability of Nash bargaining on the labour demand curve or the contract curve
- Coincidence of two solutions to Nash's bargaining problem
- Monotone bargaining is Nash-solvable
- Mechanisms supporting the Kalai--Smorodinsky solution.
- A cooperative bargaining framework for decentralized portfolio optimization
- Risk aversion for losses and the Nash bargaining solution
- A sequential bargaining protocol for land rental arrangements
- No individual priorities and the Nash bargaining solution
- Risk sharing with multiple indemnity environments
- On Maskin monotonicity of solution based social choice rules
- Between anchors and aspirations: a new family of bargaining solutions
- Appeals immune bargaining solution with variable alternative sets
- Nash implementation and the bargaining problem
- Intergenerational risk sharing in closing pension funds
- A universal meta bargaining implementation of the Nash solution
- scientific article; zbMATH DE number 4133866 (Why is no real title available?)
- The linear bargaining solution
- Nash equilibria of over-the-counter bargaining for insurance risk redistributions: the role of a regulator
- scientific article; zbMATH DE number 3852828 (Why is no real title available?)
- scientific article; zbMATH DE number 4170685 (Why is no real title available?)
- scientific article; zbMATH DE number 4012355 (Why is no real title available?)
- THE NASH BARGAINING SOLUTION AS MUTUAL EXPECTED-UTILITY MAXIMIZATION
- A new approach for bounding awards in bankruptcy problems
- The Constrained Nash Bargaining Solution
- On a new solution concept for bargaining problems
- scientific article; zbMATH DE number 836597 (Why is no real title available?)
- Optimal contribution rate of PAYGO pension
- Submodularity helps in Nash and nonsymmetric bargaining games
- Redistribution of longevity risk: the effect of heterogeneous mortality beliefs
- Solving Bargaining Games by Differential Equations
- Partially monotonic bargaining solutions
- Hierarchical Nash solutions for n-person bargaining problems
- On the axiomatic theory of bargaining: a survey of recent results
- The Nash bargaining solution and utilitarian-egalitarian social welfare functions
- A note on the risk dominance of the Nash demand game
- Asymmetric Nash insurance bargaining between risk-averse parties
- DSGE Nash: solving Nash games in macro models
- Optimal consumption and investment in pooled annuity funds with and without fund managers
- Collusive price leadership among firms with different discount factors
- Nash equilibria in optimal reinsurance bargaining
- Nash bargaining with (almost) no rationality
- Nash solution and timing of bargaining
- Forming coalitions and the Shapley NTU value
This page was built for publication: The Nash bargaining solution is optimal
Report a bug (only for logged in users!)Click here to report a bug for this page (MaRDI item Q1104875)
