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An extension of the Nash bargaining problem and the Nash social welfare function

โœ Scribed by Mamoru Kaneko

Publisher
Springer US
Year
1980
Tongue
English
Weight
547 KB
Volume
12
Category
Article
ISSN
0040-5833

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โœฆ Synopsis

This paper provides an extension of Nash's bargaining model. The extension permits the domain of a solution function to contain non-convex sets. First, it is shown that the proposed extension is a mathematical generalization of Nash's bargaining problem. Next, some relations between the extension and the Nash social welfare function are developed. The formal equivalence of the two constructs is demonstrated, and the intuitive significance of the results is discussed.

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