Nash Bargaining versus Market Outcomes

Nirvikar Singh

Indian Economic Review, 2005, vol. 40, issue 1, 23-35

Abstract: This paper compares the Nash Bargaining Solution and market outcomes in a simple n-person exchange economy. It shows how the two outcomes differ with respect toresponsiveness of equilibrium to differences in the curvature of the utility function, in endowments, and in market positions.

Keywords: Nash Bargaining Solution; Competitive Equilibrium; Risk Aression (search for similar items in EconPapers)
Date: 2005
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