Abstract:
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.
More papers in Economic theory and game theory from Nir Dagan Address: Nir Dagan, Dept. of Economics and Management, Tel-Hai Academic College, Upper Galilee, Israel. Series data maintained by Nir Dagan ().
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