EconPapers    
Economics at your fingertips  
 

Risk aversion in the Nash bargaining problem with uncertainty

Sanxi Li (), Hailin Sun (), Jianye Yan () and Xundong Yin ()

Journal of Economics, 2015, vol. 115, issue 3, 257-274

Abstract: In this study, we apply the aggregation property of Identical Shape Harmonic Absolute Risk Aversion utility functions to analyze the comparative statics properties of a bargaining model with uncertainty. We identify sufficient and necessary conditions under which an increase in one’s degree of risk aversion benefits/hurts one’s opponent. We apply our model to analyze the problems of bargaining over both insurance and incentive contracts. Copyright Springer-Verlag Wien 2015

Keywords: Bargaining; The Nash solution; ISHARA preference; Risk aversion; C70; C78 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
http://hdl.handle.net/10.1007/s00712-014-0413-5 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jeczfn:v:115:y:2015:i:3:p:257-274

Access Statistics for this article

Journal of Economics is currently edited by Giacomo Corneo

More articles in Journal of Economics from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2018-07-14
Handle: RePEc:kap:jeczfn:v:115:y:2015:i:3:p:257-274