A Characterization of the Nash Bargaining Solution

Nir Dagan (), Oscar Volij and Eyal Winter ()
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Oscar Volij: http://volij.co.il/

Economic theory and game theory from Nir Dagan

Abstract: 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.

Keywords: bargaining problem; Nash solution; axiomatic characterization; Independence of Non-Individually Rational Alternatives; Twisting; Disagreement Point Convexity (search for similar items in EconPapers)
JEL-codes: C71 C78 (search for similar items in EconPapers)
Date: 2000-08-31, Revised 2000-09-21
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Published in Social Choice and Welfare 19:811-823 (2002)

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Related works:
Working Paper: A Characterization of the Nash Bargaining Solution (2001)
Working Paper: A Characterization of the Nash Bargaining Solution (2002)
Journal Article: A characterization of the Nash bargaining solution (2002)
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Persistent link: http://EconPapers.repec.org/RePEc:nid:ndagan:018

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