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Nonconvex Bargaining Problems: Some Recent Developments

Yongsheng Xu () and Naoki Yoshihara

No 715, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: This paper presents a survey of the recent theoretical results on solutions to nonconvex bargaining problems. We discuss rationalizability of solutions to nonconvex bargaining problems, axiomatic characterizations of the symmetric and asymmetric Nash solution, the Kalai-Smorodinsky solution, and the egalitarian solution to nonconvex bargaining problems, and applications in the context of resource allocation and of bargaining over opportunity sets.

Keywords: nonconvex bargaining problem; Nash solution; equitable Nash solution; Kalai-Smorodinsky solution; Egalitarian solution; resource allocation problem (search for similar items in EconPapers)
JEL-codes: C71 C78 D63 D71 (search for similar items in EconPapers)
Date: 2020-10
New Economics Papers: this item is included in nep-gth and nep-ore
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