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Recursive Nash-in-Nash Bargaining Solution
SSRN Electronic Journal, 2018The standard Nash-in-Nash solution is commonly applied in a number of policy applications. However, this bargaining framework does not capture renegotiation on off-equilibrium paths or contingent contracts and as a result in some situations the predictions of standard Nash-in-Nash are counter-intuitive.
Xiaowei Yu, Keith Waehrer
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Nash Bargaining Versus Market Outcomes [PDF]
SSRN Electronic Journal, 2002 This paper compares the Nash Bargaining Solution and market outcomes in a simple n person exchange economy. It shows how the two outcomes differ with respect to responsiveness of equilibrium to differences in the curvature of the utility function, in endowments, and in market positions.
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Other Solutions to Nash's Bargaining Problem
Econometrica, 1975A two-person bargaining problem is considered. It is shown that under four axioms that describe the behavior of players there is a unique solution to such a problem. The axioms and the solution presented are different from those suggested by Nash.
Kalai, Ehud, Smorodinsky, Meir
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Fair Bargains: Distributive Justice and Nash Bargaining Theory
Review of Economic Studies, 1999zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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‘Vintage’ Nash bargaining without convexity
Economics Letters, 2016zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Non-optimal Nash Bargaining Solutions
Economics Letters, 1996zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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1992
Any book on axiomatic bargaining game theory should start with Nash’s 1950 article and with the Nash bargaining solution, and so will this one. Without any doubt the Nash bargaining solution is the most well-known and popular solution concept in bargaining — in the theoretical literature as well as in applied and empirical work.
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Any book on axiomatic bargaining game theory should start with Nash’s 1950 article and with the Nash bargaining solution, and so will this one. Without any doubt the Nash bargaining solution is the most well-known and popular solution concept in bargaining — in the theoretical literature as well as in applied and empirical work.
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Nash's Bargaining Formula Revisited
Mathematical Economics Letters, 2014AbstractThe note consists of showing the marginal rates of substitution (MRS) explicitly in Nash's product formula and contract curve given by the Jacobian determinant, which otherwise are contained therein only implicitly. Two simple examples from duopoly and bilateral monopoly are used to show the MRS's explicitly in the mathematical structure of the
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SSRN Electronic Journal, 2019
This paper proposes the Nash program on the theory of bargaining as a common ground for the integration of “value capture” and “stakeholders” theories of strategy into a unified framework. We argue that neither the theories of strategy nor the Nash program, sufficiently acknowledge the relevance of transaction costs in the implementation of the ...
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This paper proposes the Nash program on the theory of bargaining as a common ground for the integration of “value capture” and “stakeholders” theories of strategy into a unified framework. We argue that neither the theories of strategy nor the Nash program, sufficiently acknowledge the relevance of transaction costs in the implementation of the ...
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Nash's Inefficient Bargaining Theory
SSRN Electronic Journal, 2015This paper proves that Nash’s exchange theory leads to inefficiency. Instead of coming to a vertex, the exchange leads to polarization. This paper questions Nash’s method of exchange and suspects that his theory is not about bargaining.
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