The Nash bargaining solution and utilitarian–egalitarian social welfare functions

Shiran Rachmilevitch

Economics Letters, 2024, vol. 244, issue C

Abstract: The 2-person Nash bargaining solution is the only scale covariant one that maximizes, on every problem, some mixture of the utilitarian and egalitarian social welfare functions. With three or more players, no solution satisfies these two axioms.

Keywords: Bargaining; Utilitarianism; Egalitarianism (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:244:y:2024:i:c:s0165176524004427

DOI: 10.1016/j.econlet.2024.111958

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