The Zeuthen bargaining model occupies a prominent place among those theories of the bargaining process that have been formulated and expounded by economists. Its solution to the bargaining problem is essentially economic, since invariant utility functions based on economic factors alone determine th
The super-additive solution and the concession rate solution for the nash bargaining game
โ Scribed by Michael Maschler
- Publisher
- Elsevier Science
- Year
- 1985
- Tongue
- English
- Weight
- 81 KB
- Volume
- 10
- Category
- Article
- ISSN
- 0165-4896
No coin nor oath required. For personal study only.
๐ SIMILAR VOLUMES
We analyze a simple arbitration procedure which is a multi-stage variant of Nash's demand game. In the absence of discounting, all Nash equilibria of the game yield the egalitarian solution in the first stage. The crucial feature of our arbitration procedure is that, in the case of incompatible dema
This article presents some new, intuitive derivations of several results in the bargaining literature. These new derivations clarify the relationships among these results and allow them to be understood in a unified way. These results concern the way in which the risk posture of the bargainers affec