An axiomatization of the Nash bargaining solution

被引:16
作者
de Clippel, Geoffroy [1 ]
机构
[1] Rice Univ, Dept Econ, Houston, TX 77005 USA
关键词
Disagreement Point; Pareto Frontier; Bargaining Solution; Bargaining Problem; Nash Bargaining Solution;
D O I
10.1007/s00355-006-0201-4
中图分类号
F [经济];
学科分类号
02 ;
摘要
I prove that 'Disagreement Point Convexity' and 'Midpoint Domination' characterize the Nash bargaining solution on the class of two-player bargaining problems and on the class of smooth bargaining problems. I propose an example to show that these two axioms do not characterize the Nash bargaining solution on the class of bargaining problems with more than two players. I prove that the other solutions that satisfy these two properties are not lower hemi-continuous. These different results refine the analysis of Chun (Econ Lett 34:311-316, 1990). I also highlight a rather unexpected link with the result of Dagan et al.
引用
收藏
页码:201 / 210
页数:10
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